News about BSR

In the October 15, 2026 administered price period, domestic fuel prices fell across the board except fuel oil (mazut), with E10RON95-III gasoline dropping the most, by 1,225 VND per liter. On top of administered prices, 14 wholesalers voluntarily cut retail prices by a further 300–350 VND per liter: PVOIL, Long Hưng and Trường An by 350 VND, 11 others by 300 VND, while 12 others sold at administered prices. As of October 15, 2026, Vietnam's gasoline price was no higher than 27,029 VND per liter, below Thailand, Cambodia, China and Laos, though each country uses different price-management mechanisms. The article also highlights the “Quanh tôi” app from the Department of Domestic Market Management and Development (Ministry of Industry and Trade), launched June 1, 2026, for comparing station prices and reporting violations.

BSR estimates 9-month revenue of VND164,500 billion, up 80% and 7% above its full-year plan; profit attributable to parent shareholders reached VND22,900 billion, 10.6 times the same period last year, driven by high crack spreads. In Q3 alone, revenue was VND59,900 billion, up 70%, and profit was VND6,900 billion, down 9% from the previous quarter but 7.7 times the year-earlier level. Management forecasts 2027 crack spreads of US$18-27 per barrel, lower than 2026 as shipping through the Strait of Hormuz gradually stabilises. For divestment, BSR aims to complete the state stake sale before 11 March 2027, with at least 2.13% of shares to be sold via public auction; Vietcap says progress is consistent with completion in the first half of 2027.

In its October oil market report, the IEA warns diesel supply will stay tight until mid-2027, after a sudden drop in third-quarter supply and unusually large prior inventory declines. Global diesel exports fell 700,000 barrels per day year on year last month, and supply gains elsewhere only partly offset shortfalls from Russia and the Middle East. Wholesale diesel in Singapore topped $200 per barrel in mid-September, while Europe and the US hit record levels near $220. Trump said he reached a deal with Putin to supply over 4 million tonnes of diesel, but the agreement faces opposition from both parties in the US and Europe. The IEA forecasts global oil demand to fall by an average of 2.6 million barrels per day this year, and warns that repeated attacks in the Gulf, especially Saudi Arabia, keep the recovery fragile.