Gasoline price today August 4: World oil price plummets

Domestic gasoline prices increased slightly today, with E5RON92 gasoline reaching 19,401 VND/liter, RON95-III up to 19,840 VND/liter, while world oil prices fell sharply due to many concerns.

Domestic gasoline prices increased slightly today, with E5RON92 gasoline reaching 19,401 VND/liter, RON95-III up to 19,840 VND/liter, while world oil prices fell sharply.

World oil prices fell sharply

On the morning of August 4, 2025, according to Oilprice at 4:30 a.m. (Vietnam time), Brent oil price stood at 69.52 USD/barrel, down 2.83% (equivalent to 2.03 USD). WTI oil also decreased by 2.79%, to 67.26 USD/barrel.

The main reason comes from concerns that OPEC+ will increase production by 547,000 barrels/day in September. In addition, a series of political and economic factors such as the US's threat to impose a 100% tax on Russian oil buyers, or the possibility of sanctions against China and India - the world's second and third largest oil consumers - are also putting pressure on the market.

Experts say oil prices will fluctuate strongly next week, depending on global political developments, especially from the US.

Domestic gasoline prices continue to increase

At the adjustment period from 3:00 p.m. on July 31, the Ministry of Industry and Trade - Ministry of Finance adjusted the retail price as follows:

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

In this period, the Price Stabilization Fund was neither set aside nor used.

Source: https://baodanang.vn/gia-xang-dau-hom-nay-4-8-dau-the-gioi-lao-doc-3298601.html