The main impact on the market is that oil price The reduction is a new tariff order from the US, effective from August 1. The tax rate ranges from 10% to 41% for many countries because of the failure to reach a trade agreement, creating concerns about the limit of economic growth and the decline in global oil demand.
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/day of Russian oil exports could be severely affected if this policy is implemented, which is a factor supporting oil prices this week.
Some analysts say that the fact that some of America’s trading partners have reached agreements before the August 1 deadline (such as the European Union, Japan, South Korea, and the UK) has helped to reduce market concerns. A clearer agreement could add confidence to the oil market.
However, there are still opinions that strong tariffs could slow global growth, reduce oil demand and put pressure on oil prices in the near future.
Domestic gasoline prices
During the operating period on July 31, the price of E5RON92 gasoline increased by VND122/liter, to VND19,401/liter; RON95 gasoline increased by VND131/liter, to VND19,840/liter.
The price of diesel 0.05S decreased by 61 VND/liter, down to 19,068 VND/liter; kerosene increased by 86 VND/liter, at 18,714 VND/liter; mazut 180CST 3.5S increased by 154 VND/kg, at 15,533 VND/kg.
In this operating period, the Ministry of Industry and Trade - Ministry of Finance did not make any provision or spend any money. Petroleum Price Stabilization Fund for E5 RON92 gasoline, RON95 gasoline, diesel oil, kerosene, fuel oil.
Since the beginning of 2025, domestic gasoline prices have undergone 30 adjustment sessions, including 12 decreases, 13 increases and 5 opposite sessions.
Source: https://baolangson.vn/gia-xang-dau-hom-nay-2-8-the-gioi-giam-trong-nuoc-on-dinh-5054949.html
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