Vietnam’s Ministry of Industry and Trade is seeking feedback on a draft amendment to regulations governing the management and trading of petroleum. The proposed changes contemplate granting oil and gas enterprises the authority to independently determine fuel prices. This potential shift could lead to price fluctuations throughout the day, with morning and afternoon prices potentially differing. The move aims to increase market flexibility and potentially reflect real-time global price changes more accurately. Currently, the government maintains a degree of control over domestic fuel pricing, a system this proposal seeks to alter. The draft amendment is currently under review and open for public and stakeholder input regarding this significant regulatory change within Vietnam.