World oil price developments
On the morning of August 26, Brent crude oil price reached 68.73 USD/barrel, up 0.99 USD; WTI crude oil price reached 64.72 USD/barrel, up 1.08 USD. This is an increase of more than 1% in the first session of the week, when traders were concerned that supplies from Russia could be disrupted by UAV attacks and new sanctions from the US.
Domestic gasoline prices
According to the operating period on August 21, domestic gasoline retail prices have increased. E5RON92 gasoline increased by 110 VND/liter, up to 19,464 VND/liter; RON95-III increased by 208 VND/liter, reaching 20,092 VND/liter.
On the contrary, oil prices decreased. Diesel oil decreased by 172 VND/liter to 17,905 VND/liter; kerosene decreased by 206 VND/liter to 17,814 VND/liter; fuel oil decreased by 152 VND/kg to 15,116 VND/kg.
Fuel type | Adjustment level (VND) | New retail price (VND) |
|---|---|---|
Gasoline E5RON92 | +110 | 19,464 / liter |
Gasoline RON95-III | +208 | 20.092 / liter |
Diesel 0.05S | -172 | 17.905 / liter |
Oil | -206 | 17,814 / liter |
Mazut oil 180CST 3.5S | -152 | 15,116 / kg |
During this period, the Ministry of Industry and Trade and the Ministry of Finance did not use the Price Stabilization Fund.
Impact factors
US President Donald Trump has warned that he will tighten sanctions on Russia if peace talks in Ukraine do not progress in the next two weeks. He has also raised the possibility of imposing heavy tariffs on India because of its large purchases of Russian oil. Meanwhile, Vice President JD Vance revealed that Moscow has made some concessions during the negotiations.
The situation became even more tense when a major oil refinery in Russia caught fire after a UAV attack. The plant has a capacity of about 100,000 barrels/day, mainly for export.
Source: https://baodanang.vn/gasoline-price-today-26-8-dau-the-gioi-di-len-trong-nuoc-trai-chieu-3300346.html
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