Gasoline prices today August 3: Strong fluctuations in the world market

See more about gasoline prices in recent days

Domestic gasoline prices increased slightly on August 3

According to the adjustment period from 3:00 p.m. on July 31, domestic retail gasoline prices will be adjusted as follows:

Item	Change (VND)	Retail price (VND/liter or VND/kg)
E5RON92 gasoline	+ 122	19,401
RON95-III gasoline	+ 131	19,840
Diesel oil 0.05S	-61	19,068
Oil	+ 86	18,714
Fuel oil 180CST 3.5S	+ 154	15,533

In this operating period, the Petroleum Price Stabilization Fund is not allocated or used for the above-mentioned items.

World oil prices fluctuated strongly this week

Over the past week, the global oil market has been constantly reversing due to the influence of political and commercial factors.

Brent crude oil closed the week at $69.67 a barrel, down $2.03 from the previous session. WTI crude oil was at $67.33 a barrel, down $1.93. For the week, Brent crude oil still increased by nearly 6%, while WTI increased by 6.29% compared to the previous week.

The main reason is the increase in production from OPEC+, combined with information that the US imposes high taxes on countries buying oil from Russia, making the market worried that alternative supply is not fast enough.

Oil price forecast remains unpredictable in the coming time

Some experts believe that if supplies from Russia are cut, oil prices could rise to $100–120 a barrel. Meanwhile, countries like Saudi Arabia and OPEC+, despite efforts to increase production, cannot immediately replenish supplies.

However, some positive signs have emerged, such as the trade deal between the US and the EU and a temporary truce in tensions with China. However, a strong US dollar and political risks remain barriers that make it difficult for oil prices to stabilize in the long term.

Source: https://baodanang.vn/gasoline-price-today-3-8-change-manh-tren-thi-truong-the-gioi-3298561.html