This afternoon, domestic gasoline prices may decrease.

Many businesses predict that if the management agency continues to not impact the stabilization fund, gasoline prices This afternoon (November 6), the price of petrol is likely to decrease by 100-150 VND/liter, while diesel price will decrease by less than 100 VND/liter. Fuel oil price is forecast to decrease more sharply, by about 270 VND/kg.

The Vietnam Petroleum Institute's (VPI) Machine Learning-based gasoline price forecasting model also shows that in the upcoming adjustment period, retail gasoline prices will be stable or may only decrease slightly by 0.1% compared to the previous adjustment period, if the Ministry of Finance and Industry and Trade do not set aside or use the stabilization fund.

Specifically, VPI forecasts that the retail price of E5 RON92 gasoline will remain stable or may only decrease slightly by 0.1% to VND19,740/liter, and RON95 gasoline will decrease slightly by 0.1% to VND20,455/liter. Fuel oil prices may decrease by 2.2% to VND14,308/kg, while kerosene and diesel prices may increase by 0.5% to VND19,366/liter and VND19,296/liter.

If forecasts are correct, gasoline prices will reverse downward after a sharp increase last week.

Gasoline prices are expected to decrease slightly this afternoon. (Illustration: Cong Hieu).

Previously, in the afternoon of October 30, the price of E5 RON92 gasoline increased by 710 VND/liter, not higher than 19,760 VND/liter. The price of RON95 gasoline increased by 762 VND/liter, not higher than 20,488 VND/liter. The price of diesel oil increased by 1,318 VND/liter, not higher than 19,203 VND/liter. The price of kerosene increased by 1,156 VND/liter, not higher than 19,271 VND/liter and the price of mazut oil increased by 541 VND/kg, not higher than 14,639 VND/kg.

Since the beginning of the year, the price of RON95 gasoline has increased 25 times and decreased 20 times. The price of diesel has increased 23 times, decreased 21 times and remained unchanged once.

World oil prices continue to fall

On the morning of November 6, WTI oil price stood at 59.60 USD/barrel, down 0.96 USD/barrel, while US Brent oil price stood at 66.54 USD/barrel, down 0.90 USD/barrel.

Oil prices World stocks continued to decline today as oversupply, a strong US dollar and weak manufacturing data weighed on the market.

Oil prices followed the decline in equity markets on the day, as shifting risk sentiment has become a dominant factor in recent sessions, said UBS analyst Giovanni Staunovo.

Meanwhile, weak economic data and a stronger US dollar have kept a lid on oil prices, although the market has received some support from a drop in US refined product inventories, according to Tamas Varga of PVM. China’s manufacturing activity contracted for the seventh straight month in October, while US manufacturing also recorded its eighth straight month of decline.

The dollar index, which measures the greenback's strength against the euro, pound and other major currencies, rose to a three-month high, bolstered by divisions within the US Federal Reserve that reduced the likelihood of a December interest rate cut.

Earlier, oil prices were supported by data showing a sharp decline in US fuel inventories. According to data released by the American Petroleum Institute (API) on November 4, US crude oil inventories increased by 6.52 million barrels in the week ending October 31, while gasoline and distillate inventories decreased by 5.65 million barrels and 2.46 million barrels, respectively.

On the supply side, Russia's Black Sea port of Tuapse has suspended fuel exports, while its refinery was forced to stop processing crude oil following Ukrainian drone attacks on Sunday.

The Organization of the Petroleum Exporting Countries (OPEC) and its partners, known as OPEC+, agreed on Sunday to increase production by 137,000 barrels per day in December, while deciding to suspend further production increases in the first quarter of 2026.

Source: https://baolangson.vn/chieu-nay-gia-xang-dau-trong-nuoc-co-the-cung-giam-5064089.html