According to the plan, the Ministry of Industry and Trade and the Ministry of Finance will adjust the retail price of gasoline and oil periodically tomorrow (August 7). The leader of a major gasoline and oil distribution enterprise in the South said that after the previous adjustment period, crude oil prices increased but have recently shown a sharp downward trend.
On August 5, the price of imported gasoline in the Singapore market was at 79.18 USD/barrel for RON 95 gasoline, down nearly 1 USD/barrel compared to 5 days ago; RON 92 gasoline was at 77.49 USD/barrel, down nearly 1 USD/barrel. It is likely that domestic gasoline prices will continue to increase in the August 7 adjustment period.
Gasoline prices are expected to increase by about VND200-300 per liter. Meanwhile, diesel prices may decrease by VND200-250 per liter. If the joint ministries spend 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 continue to fluctuate in opposite directions in tomorrow's operating period. On August 5, the discount on gasoline at some warehouses was VND1,200-1,300/liter, and diesel was VND1,700-1,800/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 17 times, decreased 15 times. Diesel has increased 16 times, decreased 15 times and remained unchanged once.
In the most recent adjustment on July 31, E5 RON 92 gasoline decreased by VND130/liter to VND19,400/liter; RON 95 gasoline also increased by VND140/liter, to VND19,840/liter. Diesel decreased by VND60/liter to VND19,060/liter, kerosene increased by VND90/liter to VND18,710/liter; fuel oil increased by VND160/kg to VND15,530/kg.
On the world market, at the end of trading session on August 5, oil prices continued to fall to their lowest level in the past 5 weeks, according to Reuters.
Previously, the Organization of the Petroleum Exporting Countries and its allies (OPEC+) agreed to increase oil production by 547,000 barrels per day in September compared to the required output level in August amid concerns about the risk of supply disruptions related to Russia.
OPEC+'s decision to increase production by 547,000 barrels per day is putting pressure on the market, according to Andrew Lipow, President of Lipow Oil Associates.
Oil prices were also under pressure when data showed that US service sector activity unexpectedly slowed in July. New orders were flat, hiring demand fell, while input costs rose the most in nearly three years. These data show that US tariff policies are affecting businesses.
Mr. Lipow said the market is watching to see whether India and China will significantly cut their crude oil imports from Russia and turn to alternative sources.
Data from Trading Economics shows that at 8:30 a.m. on August 6, WTI oil was trading at $65.35 per barrel, down 2.87% from last week; similarly, Brent oil was also at $67.86 per barrel, down 2.52%.
Source: https://dantri.com.vn/kinh-doanh/gia-xang-ngay-mai-tang-tiep-20250806082439011.htm
![[Photo] Nghe An: Provincial Road 543D seriously eroded due to floods](https://vphoto.vietnam.vn/thumb/1200x675/vietnam/resource/IMAGE/2025/8/5/5759d3837c26428799f6d929fa274493)
Comment (0)