Fuel prices fell for the second consecutive week, with RON95 dropping to 20,082 VND/liter.

World oil prices fell by more than 4% this week due to concerns about oversupply. In the domestic market, the retail price of RON95-III gasoline was also adjusted down by 378 VND/liter from December 11th.

World oil prices continue to fall.

At the close of trading on December 12, world crude oil prices continued to decline. Specifically, Brent crude fell by $0.10, or 0.16%, to $61.18 per barrel. Similarly, WTI crude fell by $0.16, or 0.28%, closing at $57.44 per barrel.

Overall for the week, both benchmark oil grades recorded declines of more than 4%, marking the second consecutive week of weakness. This trend occurred amid significant market pressure from the prospect of global supply far exceeding demand.

Gasoline and diesel prices plummeted for the second consecutive week today, December 13th.

Concerns about oversupply outweigh geopolitical risks.

According to analysts, the oil market is currently focused on the oversupply situation and expectations of a potential resumption of peace talks between Russia and Ukraine. These factors have overshadowed concerns about the risk of supply disruptions from geopolitical hotspots such as Venezuela.

Andrew Lipow, president of energy consulting firm Lipow Oil Associates, commented: "The market continues to be pressured by abundant crude oil supply, while ignoring tensions between the US and Venezuela."

Despite the U.S. taking tough measures against Venezuelan oil tankers, most traders believe the impact on global supply is negligible as the market remains abundant. Furthermore, positive prospects from Russia-Ukraine negotiations are also helping to alleviate concerns about supply disruptions.

Tamas Varga, an expert at PVM Oil Associates, believes that, given the oversupply situation, any recovery in oil prices is likely to be short-lived.

Details of domestic retail gasoline and diesel prices.

In the domestic market, the Ministry of Industry and Trade – Ministry of Finance adjusted retail gasoline and diesel prices from 3 PM on December 11th, closely following developments in the world market. All products were adjusted downwards.

Item	Reduction	Maximum retail price
E5RON92 gasoline	207 VND/liter	19,615 VND/liter
RON95-III gasoline	378 VND/liter	20,082 VND/liter
0.05S diesel fuel	226 VND/liter	18,154 VND/liter
Oil	252 VND/liter	18,641 VND/liter
Fuel oil	43 VND/kg	13,393 VND/kg

Market context and forecast

According to the Ministry of Industry and Trade, the global oil market during the price adjustment period from December 4th to December 10th was affected by multiple factors such as the interest rate policy of the US Federal Reserve and geopolitical developments, but the overall trend remained weak.

Since the beginning of 2025, domestic gasoline prices have undergone 47 adjustments, including 21 decreases, 20 increases, and 6 periods of fluctuating prices. In the short term, with the risk of oversupply still present, gasoline prices are forecast to continue to face downward pressure, although geopolitical fluctuations may cause significant volatility in each trading session.

Source: https://baolamdong.vn/gia-xang-dau-giam-tuan-thu-hai-ron95-xuong-20082-donglit-410041.html