On the morning of August 2, gasoline prices plummeted, with US WTI crude oil falling by $2, or 2.8%, to $67.33 per barrel; global benchmark Brent crude also fell by the same amount to $69.51 per barrel.
A major impact on the market is the new US tariffs, effective from August 1, with tariffs ranging from 10 to 41%. On the other hand, the risk of supply disruption comes from the threat of imposing a 100% additional tax on countries that continue to buy Russian oil (especially China and India). About 2.75 million barrels per day of Russian oil exports could be affected if this policy is implemented, but it is a supportive factor for oil prices.
Domestic gasoline prices may continue to increase next week (PHOTO: NHAT THINH)
Some analysts said that the agreement reached by the US trade partners before the August 1 deadline (such as the EU, Japan, South Korea, and the UK) helped reduce market concerns. A clearer agreement could create more confidence in the oil market.
However, there are still opinions that strong tariffs could slow global growth, causing oil demand to slow down and put pressure on prices in the near future.
Meanwhile, the Organization of the Petroleum Exporting Countries and its allies (OPEC+) are expected to agree over the weekend on another big output increase in September, offsetting the group's 2.2 million barrels per day cut from nearly two years ago.
On August 2, the retail prices of popular petroleum products on the market were as follows: E5RON92 gasoline 19,401 VND/liter; RON95-III gasoline 19,840 VND/liter; 0.05S diesel 19,068 VND/liter; kerosene 18,714 VND/liter; 180CST 3.5S fuel oil 15,533 VND/kg./.
According to Thanh Nien Newspaper
Source: https://thanhnien.vn/gia-xang-dau-hom-nay-282025-lao-doc-185250802050624814.htm
Source: https://baolongan.vn/gia-xang-dau-hom-nay-02-8-lao-doc-a199979.html
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