Accordingly, many opinions say that if the executive agency does not affect the stabilization fund, Gasoline price today may decrease by 150-170 VND/liter. Diesel prices may also be adjusted down by 80-160 VND/liter. If the regulatory agency uses the fund, gasoline prices will remain the same.
The Vietnam Petroleum Institute (VPI)'s gasoline price forecast model also predicts that retail gasoline prices may decrease by 0.8 - 0.9% in the July 31 adjustment period. Specifically, the price of E5 RON92 gasoline may decrease by about VND170 (0.9%) to VND19,100/liter, and the price of RON95 gasoline may decrease by VND162 (0.8%) to VND19,538/liter.
Gasoline prices are expected to decrease for the third consecutive time this afternoon (Illustration: Minh Duc)
VPI's model also forecasts that oil prices will fluctuate insignificantly during this period. Accordingly, diesel may increase by 0.3% to VND19,179/liter, kerosene may increase by 0.5% to VND18,717/liter, while fuel oil prices may decrease by 0.2% to VND15,347/kg.
If the above forecasts are correct, domestic gasoline prices will have their third consecutive decrease.
Previously, in the operating period on July 24, the price of E5 RON92 gasoline decreased by VND202/liter, not higher than VND19,279/liter. The price of RON95 gasoline decreased by VND216/liter, not higher than VND19,709/liter. The price of diesel oil increased by VND330/liter, not higher than VND19,129/liter. The price of kerosene increased by VND199/liter, not higher than VND18,628/liter. Particularly, fuel oil decreased by VND99/kg, not higher than VND15,379/kg.
Since the beginning of 2025, domestic gasoline prices have undergone 29 adjustment sessions, including 12 decreases, 12 increases and 5 opposite sessions.
World oil prices continue to increase slightly
On the world market, at 6:00 a.m. this morning, July 31, Brent oil price was at 73.15 USD/barrel, up 0.62 USD/barrel, WTI oil price was at 69.92 USD/barrel, up 0.71 USD/barrel.
World oil prices increased due to many factors, including US and China negotiate aimed at resolving long-standing economic disputes and cooling the trade war between the world's two largest economies .
Also supporting oil prices was a trade deal between the United States and the European Union (EU) that helped avoid a full-blown trade war between the two major allies, which could have affected nearly a third of global trade and dented fuel demand forecasts.
The US-EU trade deal requires the EU to buy $750 billion in US energy over the next three years, something analysts say the bloc is unlikely to be able to meet, while European companies will invest $600 billion in the US during Mr Trump’s term. In the US, crude oil inventories rose by 1.54 million barrels last week.
Rystad Energy analyst Janiv Shah commented: “The past few days have had some impact, but overall the market is still trading in a narrow range and testing the next resistance level.”
Source: https://baolangson.vn/chieu-nay-gia-xang-co-the-giam-lan-thu-ba-lien-tiep-5054700.html
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