Gasoline prices may decrease slightly in the operating period on November 6.

According to the plan, the Ministry of Industry and Trade - Ministry of Finance will announce the new retail price of gasoline on November 6. The price of imported gasoline from Singapore shows that domestic gasoline prices will likely decrease.

A leader of a key enterprise in the South said that after the previous adjustment period, the world crude oil price has turned down. On November 4, the import price of RON 95 gasoline in Singapore was at 81.13 USD/barrel, RON 92 gasoline was at 78.41 USD/barrel, down nearly 1 USD/barrel compared to 7 days ago.

With this development, domestic gasoline prices are forecast to decrease slightly by about 50-100 VND/liter. Meanwhile, diesel prices may increase slightly by about 50-100 VND/liter.

The owner of a petroleum distribution company in the North also predicted that petroleum prices will fluctuate in opposite directions in tomorrow's operating period. On November 4, the petroleum discount at some warehouses was at 1,200-1,400 VND/liter.

If forecasts are correct, domestic gasoline prices will fall slightly after a strong increase. Since the beginning of the year, RON 95 gasoline has increased 24 times and decreased 21 times. Diesel oil has increased 22 times, decreased 21 times and remained unchanged once.

In the most recent adjustment on October 30, the price of E5 RON 92 gasoline increased by VND710/liter to VND19,760/liter; RON 95 gasoline increased by VND760/liter to VND20,480/liter. Diesel increased by VND1,320/liter to VND19,200/liter, kerosene increased by VND1,160/liter to VND19,270/liter; mazut increased by VND540/kg to VND14,630/kg.

In the international market, on November 4, oil prices fell in the context of a global financial market sell-off, raising concerns about economic growth and fuel demand, while a stronger US dollar and a report showing an increase in US crude oil reserves further increased downward pressure on prices.

Crude oil prices are trading lower as risk sentiment in the market has turned clearly negative, boosting demand for holding the US dollar. Both factors put downward pressure on oil prices, Tony Sycamore, an expert at IG, told Reuters.

Oil prices continued to be under pressure after the American Petroleum Institute (API) said that the country's crude oil reserves increased by 6.52 million barrels in the week ending October 31. In addition, concerns about supply also dragged oil prices down.

Meanwhile, OPEC and its partners in the OPEC+ alliance agreed to increase production by 137,000 barrels per day in December, and decided to suspend the production increase in the first quarter of 2026.

According to Trading Economics data, at 11am on November 5, WTI oil price was trading at 60.48 USD/barrel, down 0.87% compared to last week. Brent oil price also decreased 0.62%, to 64.39 USD/barrel.

Source: https://dantri.com.vn/kinh-doanh/gia-xang-co-the-giam-nhe-trong-ky-dieu-hanh-ngay-611-20251105110058255.htm