Gasoline prices today August 31: Sharp decrease across the board

Gasoline prices fell sharply today. Illustration photo: PLX

World oil prices today

World oil prices fell sharply in today's trading session, August 31 (Vietnam time). WTI crude oil fell sharply to 73.65% USD/barrel, down 2.26 USD/barrel, equivalent to a decrease of 2.98%. WTI crude oil closed the previous trading session at 75.91 USD/barrel, opening today's session at 75.84 USD/barrel.

Brent crude oil was at $77.05 a barrel, down $1.77, or 2.25%. Brent crude oil closed the previous trading session at $78.82 a barrel and opened today's session at $78.91 a barrel.

Oil prices fell in late trading as investors weighed expectations of increased OPEC+ supply starting in October, along with fading hopes of a sharp US interest rate cut next month following data showing strong consumer spending, analysts said.

Domestic gasoline prices today

On August 31, retail gasoline prices according to the price list announced by Petrolimex in region 1 and region 2 (46 provinces and cities currently applying) are as follows:

Domestic gasoline prices on August 31 according to the price list announced by Petrolimex.

The above domestic retail prices of gasoline and oil were adjusted by the Ministry of Finance and Industry and Trade in the price management session on the afternoon of August 29. Accordingly, the price of diesel oil decreased the most, by 299 VND/liter, followed by RON 95-III gasoline, which decreased by 208 VND/liter. Fuel oil decreased by 194 VND/kg, E5 RON 92 gasoline decreased by 92 VND/liter. Kerosene decreased the least, by 84 VND/liter.

Gasoline discounts today

Discount prices of petroleum products today, August 31, at some domestic petroleum agents are as follows:

Pvoil applies discount rates on August 31: Discount on oil: 1,400 VND/liter; RON 95 - III gasoline: 1,350 VND/liter; E5 gasoline: 1,250 VND/liter. This discount rate is applied at Pvoil Dinh Vu warehouse, Petec An Hai, Cai Lan warehouse.

Tu Luc Petroleum discounts on August 31 as follows: Oil discount: 1,350 VND/liter; RON 95 - III gasoline: 1,300 VND/liter; E5 gasoline: 1,200 VND/liter.

MIPEC gasoline discount on August 31: RON 95 - III discount: 1,200 VND/liter; E5 gasoline: 1,100 VND/liter; oil: 1,350 VND/liter at Mipec warehouse

Forecast of domestic gasoline prices next period

According to a representative of a petroleum business, domestic petroleum prices will fluctuate according to the world petroleum situation. According to current market developments, it is forecasted that in the next price adjustment period, petroleum prices will likely continue to decrease sharply.

Since the beginning of the year, since the price adjustment session on January 4, gasoline prices have increased 17 times and decreased 17 times. Oil prices have increased 16 times and decreased 18 times.

Source: https://laodong.vn/kinh-doanh/gia-xang-dau-hom-nay-318-dong-loat-giam-manh-1387365.ldo