Gasoline prices drop tomorrow?

According to forecasts, domestic gasoline prices tomorrow (October 23) may decrease by 200-220 VND/liter; meanwhile, oil prices will decrease more sharply by 290-610 VND/liter.

This morning (October 22), Brent oil price was at 61.36 USD/barrel, up 0.57% (equivalent to an increase of 0.35 USD/barrel). Similarly, WTI oil price was at 57.51 USD/barrel, up 0.33% (equivalent to an increase of 0.19 USD/barrel).

World oil prices stabilized in the trading session on October 21, as concerns about oversupply in the global market and trade tensions between the US and China, the world's two largest oil consuming countries, showed signs of cooling. Previously, oil prices fell to their lowest level since early May, due to concerns about increased supply and slowing economic growth in the context of OPEC+ continuing to pump more oil into the market.

Both benchmarks had earlier fallen to their lowest levels since early May due to record US crude output and OPEC+ plans to increase supply, raising concerns about a possible supply glut in the coming months.

Updated data on the latest gasoline prices in the Singapore market shows that gasoline 92 is trading at 74.8 USD/barrel, gasoline 95 is at 77.6 USD/barrel, down about 1 USD/barrel compared to a week earlier.

According to businesses, with fluctuations in world oil prices, on October 23, it may decrease by 200-220 VND/liter; meanwhile, oil prices will decrease more sharply by 290-610 VND/liter.

Domestic gasoline prices are expected to decrease on October 23.

Previously, in the operating period on October 16, the Ministry of Industry and Trade - Ministry of Finance decided to increase the price of RON 95 gasoline by 174 VND/liter, to 19,903 VND/liter; the price of E5 RON 92 gasoline increased by 88 VND/liter, to 19,226 VND/liter.

Diesel prices fell in the opposite direction, down 181 VND/liter to 18,423 VND/liter. Kerosene prices fell 28 VND/liter to 18,406 VND/liter. Fuel oil prices fell 437 VND/kg to 14,371 VND/kg.

Since the beginning of the year, RON 95 gasoline has increased in price 23 times and decreased 20 times; diesel has increased 21 times, decreased 20 times and remained unchanged once.

According to preliminary statistics just announced by the Customs Department, petroleum imports to Vietnam in September decreased by 6.6% in volume and 6.4% in value compared to the previous month, reaching nearly 759 thousand tons, worth 521.4 million USD.

In the first 9 months of this year, the amount of imported petroleum reached 7,625,484 tons, worth 5.2 billion USD.

Vietnam imports the most petroleum from Singapore, accounting for 34-35% of the total import volume and turnover. In the first 9 months, our country imported 2.6 million tons of oil from this market, with a value of 1.8 billion USD, an increase of 49.6% in volume and 27.3% in turnover compared to the same period in 2024.

Next is the Korean market, accounting for 27-28% of the total volume and import turnover in 9 months reaching nearly 2.2 million tons, worth 1.4 billion USD, down 9.2% in volume and down 19.8% in turnover.

Next is the Malaysian market, with 1.2 million tons, worth 840 million USD and the Chinese market reaching more than 1 million tons with a value of 714 million USD...

Source: https://baohatinh.vn/gia-xang-dau-giam-vao-ngay-mai-post297925.html