Will gasoline and diesel prices rise again tomorrow?

According to the plan, the Ministry of Industry and Trade and the Ministry of Finance will adjust retail gasoline and diesel prices according to the cycle tomorrow (September 4th). The leader of a major gasoline and diesel distribution company in the South said that after the previous price adjustment, crude oil prices continued to rise.

On September 2nd, the price of imported gasoline in the Singapore market was $82.72 per barrel for RON 95 gasoline, an increase of more than $1 per barrel compared to 7 days earlier; RON 92 gasoline was at $80.78 per barrel, also an increase of more than $1 per barrel. It is highly likely that domestic gasoline prices will continue to rise in the price adjustment on September 4th.

Gasoline prices are expected to increase by approximately 50-150 VND/liter. Diesel prices may increase by 50-100 VND/liter. If the inter-ministerial committee utilizes the Price Stabilization Fund, gasoline prices may remain unchanged.

The owner of a petroleum distribution business in the North also predicted that gasoline and diesel prices would continue to rise in tomorrow's price adjustment. On September 3rd, the discount on gasoline and diesel at some depots was around 1,000-1,200 VND/liter.

If the forecast is correct, domestic gasoline prices will increase for three consecutive sessions. Since the beginning of the year, RON 95 gasoline has increased 20 times and decreased 16 times. Diesel fuel has increased 17 times, decreased 17 times, and remained unchanged once.

In the most recent price adjustment on August 28th, E5 RON 92 gasoline increased by 310 VND/liter to 19,770 VND/liter; RON 95 gasoline also increased by 270 VND/liter to 20,360 VND/liter. Diesel fuel increased by 450 VND/liter to 18,350 VND/liter, kerosene increased by 410 VND/liter to 18,220 VND/liter; and mazut increased by 150 VND/kg to 15,260 VND/kg.

On the global market, oil prices rose more than 1% at the close of trading on September 2nd after the US imposed sanctions targeting Iranian oil, according to Reuters.

Earlier, on September 2nd, the US Treasury Department imposed sanctions on a network of shipping companies and vessels led by an Iraqi businessman, accused of smuggling Iranian oil but labeling it as Iraqi oil. Phil Flynn, a senior analyst at Price Futures Group, believes that the US tightening of restrictions on Iranian oil exports has driven up oil prices.

In addition, the market is also awaiting the meeting of the Organization of Petroleum Exporting Countries and major non-OPEC producers (OPEC+) on September 7th. Analysts believe that this group will not ease the remaining voluntary production cuts of its eight members – including Saudi Arabia and Russia – which have been supporting the market and keeping prices around $60 per barrel.

Independent analyst Gaurav Sharma believes OPEC+ may wait for further reports after the peak summer driving season in the US concludes before making its next decision, amid forecasts of oversupply in the fourth quarter.

Data from Trading Economics shows that at 9:00 AM on September 3rd, WTI crude oil was trading at $65.61 per barrel, up 2.5% from the previous week; similarly, Brent crude oil was also at $69.09 per barrel, up 2.41%.

Source: https://dantri.com.vn/kinh-doanh/gia-xang-dau-ngay-mai-se-tang-tiep-20250903092214348.htm