World oil prices continue to fall
Brent and WTI oil prices both fell in the morning trading session on July 26. Specifically, Brent oil fell by 0.74 USD to 68.44 USD/barrel; WTI oil fell by 0.87 USD to 65.16 USD/barrel. This is the lowest level in the past three weeks.
The main reason is the concern about the weakening economy of the US and China, while the global oil supply shows signs of increasing. The US is considering allowing Chevron to resume operations in Venezuela, along with the possibility of Iran increasing its exports if the nuclear negotiations go smoothly, putting further pressure on oil prices.
Domestic gasoline prices adjusted in opposite directions
According to the operating period on July 24, the Ministry of Industry and Trade decided to reduce gasoline prices and adjust oil prices up. Specifically:
| Fuel type | Adjustment level | New retail price |
| E5 RON92 gasoline | Reduced by 202 VND/liter | 19,279 VND/liter |
| Gasoline RON95-III | Reduced by 216 VND/liter | 19,709 VND/liter |
| Diesel 0.05S | Increase 330 VND/liter | 19,129 VND/liter |
| Oil | Increase 199 VND/liter | 18,628 VND/liter |
| Mazut oil 180CST 3.5S | Discount 99 VND/kg | 15,379 VND/kg |
During this operating period, the Petroleum Price Stabilization Fund continues to not be allocated or used.
International moves
US-EU trade talks and Fed rate cuts are expected to support oil demand in the future, but investors remain cautious about macroeconomic fluctuations and OPEC+ supply.
In Russia, oil exports in August are expected to fall due to increased domestic refining demand, while the upcoming OPEC+ meeting is expected to keep the current production policy unchanged.
Gasoline market developments since the beginning of the year
Since the beginning of 2025, domestic gasoline prices have undergone 29 adjustments, including 12 increases, 12 decreases, and 5 opposite adjustments. The market is still greatly influenced by geopolitical factors and global economic developments.
Source: https://baodanang.vn/gia-xang-dau-hom-nay-26-7-dau-the-gioi-giam-manh-3297926.html
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