Gasoline price today July 26: World oil price drops sharply

Gasoline prices continued to fluctuate today. The international market fell sharply due to concerns about increased supply, domestic gasoline prices were adjusted down slightly, and oil prices increased depending on the type.

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