World oil prices increased slightly after a series of deep declines.
On the morning of October 20, 2025, world oil prices increased slightly. According to Oilprice at 4:30 a.m. (Vietnam time), Brent oil price reached 61.29 USD/barrel, up 0.38% (equivalent to 0.23 USD/barrel). At the same time, WTI oil also increased to 57.54 USD/barrel, up 0.14% (equivalent to 0.08 USD/barrel).
According to Reuters, the increase in oil prices comes from the expectation of a global trade recovery after many gloomy days. Previously, oil prices had hit their lowest level since early May due to the impact of trade tensions, geopolitical fluctuations and information that India could stop importing oil from Russia.
US President Donald Trump said that Indian Prime Minister Narendra Modi has pledged to sharply reduce oil imports from Russia - the country that is currently India's largest supplier, accounting for about 1/3 of total imports. Expert Tony Sycamore (IG Markets) assessed that this is a positive signal for global crude oil prices, because reducing dependence on Russian oil can help balance the market and reduce the risk of oversupply.
Domestic gasoline prices today: gasoline increases, oil decreases
In Vietnam, the retail price of gasoline and oil was adjusted by the Ministry of Industry and Trade and the Ministry of Finance from 3:00 p.m. on October 16, 2025. After this adjustment period, E5RON92 gasoline increased by 88 VND/liter, to 19,226 VND/liter; RON95-III gasoline increased by 174 VND/liter, to 19,903 VND/liter.
On the other hand, oil prices decreased slightly. Diesel oil decreased by 181 VND/liter to 18,423 VND/liter, kerosene decreased by 28 VND/liter to 18,406 VND/liter, and fuel oil decreased by 437 VND/kg to 14,371 VND/kg.
The Joint Ministry continues not to set aside or spend the Petroleum Price Stabilization Fund, in order to ensure that selling prices closely reflect fluctuations in the world market, while maintaining stable domestic supply.
Source: https://baodanang.vn/gia-xang-dau-hom-nay-20-10-thi-truong-phuc-hoi-3306787.html
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