Gasoline price today October 8: Domestic gasoline price turns to decrease sharply?

After the price increase at the beginning of the week, world oil prices have almost stagnated in the context of OPEC+ being quite cautious with concerns about oversupply. Domestically, it is forecasted that in the adjustment session tomorrow afternoon (October 9), gasoline and oil prices may decrease simultaneously.

On the morning of October 8, the increase in oil prices slowed down, with insignificant fluctuations. Accordingly, at the close of trading this morning (Vietnam time), Brent oil prices fell 0.02 USD/barrel, stopping at 65.45 USD/barrel; WTI oil prices edged up 0.04 USD/barrel to 61.73 USD/barrel.

Earlier, both benchmarks rose more than 1% after the Organization of the Petroleum Exporting Countries and its allies (OPEC+) announced it would increase oil production by 137,000 barrels per day from November.

The move, which contradicts market expectations for a stronger production increase, shows OPEC+ remains cautious about forecasts of a global oil surplus in the final quarter of this year as well as next year, analysts said.

Gasoline prices may drop sharply tomorrow. PHOTO: PHAM HUU

In other developments, Saudi Arabia decided to keep the official selling price for Arab Light crude exported to Asia unchanged, while an earlier Reuters survey had expected a slight increase. China is accelerating the construction of oil reserves - as part of its strategy to increase energy storage.

In addition, geopolitical factors continue to affect the oil market, the conflict between Russia and Ukraine affects energy prices and increases instability in Russia's oil supply. Recently, another major Russian oil refinery was forced to stop operations due to a drone attack. It is expected that the restoration of this plant's operations will take about a month.

Domestically, gasoline prices are estimated to decrease across the board in the price adjustment period tomorrow afternoon. The decrease updated this morning is about 500 - 650 VND/liter/kg. This forecast does not include the Gasoline Price Stabilization Fund./.

According to Thanh Nien Newspaper

Source: https://thanhnien.vn/gia-xang-dau-hom-nay-8102025-xang-trong-nuoc-quay-dau-giam-manh-185251008074248019.htm

Source: https://baolongan.vn/gia-xang-dau-hom-nay-08-10-xang-trong-nuoc-quay-dau-giam-manh-a204059.html