Gasoline price today August 28: World oil price increased slightly, domestic price was stable

World oil prices today August 28

On August 28, 2025, world oil prices fluctuated slightly after a strong increase due to a deeper-than-expected decrease in US crude oil inventories. At 4:30 a.m. (Vietnam time), Brent oil stood at 67.17 USD/barrel, down 0.09 USD compared to the previous session. WTI oil also decreased slightly by 0.05 USD, to 63.21 USD/barrel.

Gasoline price today August 28

Domestically, the retail price of gasoline on August 28 is still applied according to the operating period from the afternoon of August 21. The price of E5 RON92 gasoline is currently at VND19,464/liter, RON95-III gasoline is at VND20,092/liter. On the other hand, diesel oil decreased to VND17,905/liter, kerosene to VND17,814/liter and fuel oil to VND15,116/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

The Ministry of Industry and Trade and the Ministry of Finance have not yet set aside or used the Price Stabilization Fund.

Reasons for price fluctuations

Crude oil inventories fell by 2.4 million barrels last week to 418.3 million barrels, much higher than the forecast for a 1.9 million barrel decline, according to the US Energy Information Administration (EIA). Gasoline inventories also fell by 1.2 million barrels, while distillate inventories fell by 1.8 million barrels, contrary to expectations for an increase. Experts say that the demand for travel during the upcoming Labor Day holiday is the main reason for fuel demand.

Gasoline price today August 28: World oil price increased slightly, domestic price was stable

In addition to the positive data from the US, President Donald Trump’s decision to double import duties on Indian goods to 50% also had a strong impact on market sentiment. This policy was introduced because India still imports Russian oil. Although the Indian Finance Ministry believes that the direct impact on exports is not large, the spillover effects on the economy are expected to be significant.

Tensions between Russia and Ukraine continue to weigh on oil prices. Russia has recently launched drone attacks on Ukraine’s energy infrastructure, while Kiev has responded by hitting Moscow’s oil refineries and energy export facilities. Russia has been forced to adjust its plans to increase exports from its western ports by 200,000 barrels per day.

Source: https://baodanang.vn/gasoline-price-today-28-8-dau-the-gioi-tang-nhe-trong-nuoc-on-dinh-3300532.html