Representatives of many petroleum businesses predict that gasoline prices are expected to decrease by about VND1,200 - 1,400/liter, while diesel may decrease by VND900 - 1,000/liter in the operating period tomorrow, July 3. If the Ministry of Industry and Trade - Finance uses the price stabilization fund, gasoline prices may decrease more.
The reason is that the world crude oil price continues to decrease this time. On June 30, the price of imported gasoline in the Singapore market was at 79.2 USD/barrel for RON95 gasoline, down more than 3 USD/barrel compared to 6 days ago; RON92 gasoline was at 77.39 USD/barrel, down nearly 4 USD/barrel.
If the above forecast is correct, the price of gasoline will decrease for the second consecutive time this week. Yesterday, July 1, gasoline prices began to be reduced by 2% VAT (to 8%). Accordingly, the Ministry of Industry and Trade - Ministry of Finance has adjusted gasoline prices from this time. Specifically, the maximum retail price for gasoline products is applied as follows:
E5 RON92 gasoline decreased by 101 VND/liter compared to the previous period, not higher than 20,530 VND/liter. RON95 gasoline decreased by 128 VND/liter, not higher than 21,116 VND/liter.
Meanwhile, oil prices increased in the opposite direction. Specifically, diesel prices increased by VND193/liter compared to the previous period, not higher than VND19,349/liter. Kerosene prices increased by VND141/liter compared to the previous period, not higher than VND19,064/liter. However, fuel oil prices decreased by VND668/kg, not higher than VND16,955/kg.
Since the beginning of 2025, domestic gasoline prices have undergone 25 adjustment sessions, including 9 decrease sessions, 11 increase sessions and 5 opposite sessions.
Source: https://baolangson.vn/gia-xang-ngay-mai-co-giam-lan-thu-hai-lien-tiep-trong-tuan-5051939.html
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