Gasoline prices this afternoon are expected to stop falling and start increasing again.

Many opinions say that retail gasoline prices may increase this afternoon. Accordingly, the price of RON95 gasoline will increase by about 150 VND/liter, E5RON92 gasoline will increase by about 180 VND/liter and diesel oil will increase by about 430 VND/liter.

The Vietnam Petroleum Institute (VPI)'s gasoline price forecast model also predicts that retail gasoline prices today may increase slightly by 0.1 - 0.6% if the Ministry of Finance and the Ministry of Industry and Trade do not set aside or use the price stabilization fund.

Specifically, VPI forecasts that the retail price of E5 RON 92 gasoline may increase by VND119 (0.6%) to VND19,559/liter, while RON95 gasoline may increase by VND24 (0.1%) to VND19,924/liter. Diesel prices may increase by VND423 (2.3%) to VND18,823/liter, kerosene may increase by VND218 (1.2%) to VND18,348/liter, while fuel oil is forecast to decrease by 1.9% to VND15,501/kg.

If as predicted, gasoline prices will end the streak of two consecutive decreases and turn up.

Gasoline prices are expected to increase slightly this afternoon. (Illustration: Minh Duc).

Previously, in the operating period on July 3, the price of E5 RON92 gasoline decreased by VND1,085/liter, to a level not higher than VND19,445/liter; RON95 gasoline decreased by VND1,210/liter, to a level not higher than VND19,906/liter.

Similarly, the prices of various types of oil also decreased sharply. Specifically, the price of diesel oil decreased by 941 VND/liter, to 18,408 VND/liter; kerosene oil decreased by 932 VND/liter, to 18,132 VND/liter. The price of fuel oil decreased by 1,148 VND, to 15,807 VND/kg.

From July 1, gasoline prices have also been adjusted down due to the 2% reduction in VAT (to 8%).

Since the beginning of 2025, domestic gasoline prices have undergone 26 adjustment sessions, including 10 decrease sessions, 11 increase sessions and 5 opposite sessions.

World oil prices fell slightly

On the world market, at 6:00 a.m. on July 10, Brent oil price was at 69.95 USD/barrel, down 0.2 USD/barrel, WTI oil price was at 68.11 USD/barrel, down 0.25 USD/barrel.

After months of silence, attacks on strategic shipping lanes in the Red Sea have flared up again this week. Reports say the Houthi militia, an Iran-backed force in Yemen, is responsible. A rescue operation has been launched to rescue the crew of a sunken cargo ship, killing at least four people.

In addition, oil prices were supported by a report released by the US Energy Information Administration (EIA) on Tuesday, forecasting that US oil production in 2025 will be lower than expected due to falling oil prices causing US producers to cut production.

On the same day, US President Donald Trump announced that he would impose a 50% tax on copper, a strategic metal used in the production of electric vehicles, military equipment, power grids and many consumer products. This is a higher tax rate than expected.

Although Mr. Trump has postponed the deadline for imposing tariffs on some goods to August 1, creating hope for major trading partners about the possibility of reaching an agreement, many businesses are still unclear about the specific direction in the context of constantly changing policies.

While there are concerns that new tax policies could reduce oil demand, strong travel demand during the July 4 holiday in the US has supported oil prices. In addition, preliminary data showed that US crude inventories may increase by about 7.1 million barrels.

OPEC+ is preparing for a big increase in production in September, as the group completes the lifting of voluntary cuts by eight member countries and allows the UAE to increase its production quota. OPEC+ had previously approved a 548,000 barrel/day increase for August.

Source: https://baolangson.vn/gia-xang-chieu-nay-du-bao-dut-mach-giam-quay-dau-tang-5052747.html