Tomorrow (July 31, 2025) is the operating period. retail price of gasoline according to Decree 80/2023/ND-CP amending and supplementing a number of articles of Decree 95/2021/ND-CP and Decree 83/2014/ND-CP of the Government on petroleum trading.
In the world, at 6:30 a.m. on July 30, WTI oil price stood at 69.21 USD/barrel, up 2.27 USD/barrel, while US Brent oil price was 72.60 USD/barrel, up 2.29 USD/barrel.
Oil prices were also supported by progress on U.S. trade deals ahead of the Aug. 1 tariff deadline. The European Union (EU) signed a framework agreement on Sunday, easing concerns about tariffs and boosting expectations for future energy demand.
Market sentiment also improved after the US and EU reached a framework trade agreement, thereby avoiding a full-blown tariff confrontation. Accordingly, the US will impose a 15% import tax on most goods from the EU, but both sides pledged to promote cooperation and avoid escalating tensions. This agreement is assessed to have a positive impact on nearly a third of total global trade, thereby strengthening the outlook for fuel demand.
Investors are also closely watching the two-day policy meeting of the US Federal Reserve (Fed). Senior market analyst Priyanka Sachdeva at brokerage firm Phillip Nova said the Fed is likely to keep interest rates unchanged, but may signal a more dovish tone amid cooling inflation.
Based on the developments Gasoline price World, petroleum businesses believe that domestic gasoline prices tomorrow may be adjusted up while oil prices decrease.
Specifically, if the regulatory agency does not affect the Petroleum Price Stabilization Fund, domestic gasoline prices may increase by 70-120 VND/liter tomorrow. Meanwhile, diesel prices may be adjusted down by 80-160 VND/liter.
In case the regulatory agency uses the Price Stabilization Fund, gasoline prices can be kept unchanged.
If forecasts are correct, domestic gasoline prices will increase tomorrow after being adjusted down twice.
Similarly, the Vietnam Petroleum Institute (VPI)'s Machine Learning-based gasoline price forecasting model shows that retail gasoline prices may decrease slightly in the July 31 operating period. It is forecasted that they may decrease by 0.8 - 0.9% compared to the previous operating period if the Ministry of Finance and the Ministry of Industry and Trade do not set aside or use the Petroleum Price Stabilization Fund.
Specifically, VPI forecasts that the retail price of E5 RON 92 gasoline may decrease by about VND 170 (0.9%) to VND 19,100/liter, while RON 95-III gasoline may only decrease by VND 162 (0.8%) to VND 19,538/liter.
VPI's model also forecasts that oil prices will increase or decrease 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 may decrease by 0.2% to VND15,347/kg, and.
VPI forecast Ministry of Finance - Industry and Trade This period will continue to not set aside or use the Petroleum Price Stabilization Fund.
Previously, in the adjustment period on July 17 of the Ministry of Finance - Industry and Trade, gasoline prices were adjusted down. Specifically, E5RON92 gasoline decreased by 202 VND/liter compared to the current base price, retail price was 19,279 VND/liter, lower than RON95-III gasoline by 430 VND/liter; RON95-III gasoline decreased by 216 VND/liter compared to the current base price, retail price was 19,709 VND/liter; diesel 0.05S increased by 330 VND/liter compared to the current base price, retail price was 19,129 VND/liter; kerosene increased by 199 VND/liter compared to the current base price, retail price was 18,628 VND/liter; Mazut 180CST 3.5S oil decreased by 99 VND/kg compared to the current base price, retail price is 15,379 VND/kg. In this adjustment period, the Ministry of Industry and Trade decided not to set aside or use the Petroleum Price Stabilization Fund for E5RON92 gasoline, RON95 gasoline, diesel oil, kerosene, and mazut oil.
Source: https://baoquangninh.vn/gasoline-price-co-the-tang-tro-lai-trong-ky-dieu-hanh-ngay-mai-3369194.html
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