Gasoline prices will increase tomorrow?

According to the plan, the Ministry of Industry and Trade and the Ministry of Finance will adjust the retail price of gasoline according to the cycle tomorrow (August 28). The leader of a major gasoline distribution enterprise in the South said that after the previous adjustment period, crude oil prices tend to increase due to concerns about supply disruption.

On August 25, the price of imported gasoline in the Singapore market was at 81.54 USD/barrel for RON 95 gasoline, an increase of nearly 2 USD/barrel compared to 7 days ago; RON 92 gasoline was at 79.6 USD/barrel, an increase of nearly 3 USD/barrel. It is likely that domestic gasoline prices will continue to increase in the adjustment period on August 28.

Gasoline prices are expected to increase by about VND400-500 per liter. Meanwhile, diesel prices may increase by VND450-550 per liter. If the joint ministries use the Price Stabilization Fund, gasoline prices may increase less.

The owner of a petroleum distribution company in the North also predicted that petroleum prices will be uniform in tomorrow's operating period. On August 26, the discount on petroleum prices at some depots was around 800-850 VND/liter.

If forecasts are correct, domestic gasoline prices will increase for two consecutive sessions. Currently, this fuel price is at a low level in more than 4 years, equivalent to June 2021. Since the beginning of the year, RON 95 gasoline has increased 19 times, decreased 16 times. Diesel has increased 16 times, decreased 17 times and remained unchanged once.

In the most recent adjustment on August 21, E5 RON 92 gasoline increased by VND110/liter to VND19,460/liter; RON 95 gasoline also increased by VND210/liter, to VND20,090/liter. Diesel decreased by VND170/liter to VND17,900/liter, kerosene decreased by VND210/liter to VND17,810/liter; fuel oil decreased by VND150/kg to VND15,110/kg.

In the world market, in the trading session on August 26, oil prices fell nearly 2% after rising to the highest level since early August due to investors' concerns about the risk of supply disruption from Russia, according to Reuters.

The market focus this week is on the possibility of the US raising tariffs on India to 50%, according to energy consultancy Ritterbusch and Associates. The move is seen as a further tightening of Russian oil flows, which have been disrupted by recent attacks on refineries. India is currently Russia’s third-largest crude oil customer.

PVM Oil Associates expert Tamas Varga said that the instability in the oil market due to the conflict in Ukraine and the tariff war has made investors cautious. He predicted that in the medium term, Brent oil prices will likely fluctuate around 65-74 USD/barrel.

Data from Trading Economics shows that at 11 p.m. on August 26, WTI oil was trading at $63.31 per barrel, down 0.55% from last week; similarly, Brent oil was also at $67.27 per barrel, down 0.69%.

Source: https://dantri.com.vn/kinh-doanh/gia-xang-dau-ngay-mai-se-dong-loat-tang-20250826232411276.htm