Gasoline prices will increase again tomorrow?

According to the plan, the Ministry of Industry and Trade and the Ministry of Finance will adjust the retail price of gasoline periodically tomorrow (September 4). The leader of a major gasoline distribution enterprise in the South said that after the previous adjustment period, the price of crude oil continued to increase.

On September 2, the price of imported gasoline in the Singapore market was at 82.72 USD/barrel for RON 95 gasoline, an increase of more than 1 USD/barrel compared to 7 days ago; RON 92 gasoline was at 80.78 USD/barrel, an increase of more than 1 USD/barrel. It is likely that domestic gasoline prices will continue to increase in the operating period on September 4.

Gasoline prices are expected to increase by about 50-150 VND/liter. Diesel may increase by 50-100 VND/liter. If the joint ministries use the Price Stabilization Fund, gasoline prices may remain unchanged.

The owner of a petroleum distribution company in the North also predicted that petroleum prices will continue to increase in the operating period tomorrow. On September 3, the petroleum discount at some warehouses was around 1,000-1,200 VND/liter.

If forecasts are 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 has increased 17 times, decreased 17 times and remained unchanged once.

In the most recent adjustment on August 28, 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 increased by 450 VND/liter to 18,350 VND/liter, kerosene increased by 410 VND/liter to 18,220 VND/liter; mazut increased by 150 VND/kg to 15,260 VND/kg.

On the world market, at the end of the trading session on September 2, oil prices increased by more than 1% after the US imposed sanctions targeting Iran's oil, according to Reuters.

Earlier, on September 2, the US Treasury Department imposed sanctions on a network of shipping companies and vessels led by an Iraqi businessman, for allegedly smuggling Iranian oil but mislabeling it as Iraqi oil. Phil Flynn, senior analyst at Price Futures Group, said that the US tightening of Iran's oil exports has pushed up oil prices.

The market is also awaiting a meeting of the Organization of the Petroleum Exporting Countries and major non-OPEC producers (OPEC+) on September 7. Analysts believe that the group will not ease the remaining voluntary cuts by eight members - including Saudi Arabia and Russia - which are supporting the market and keeping prices around $60/barrel.

Independent analyst Gaurav Sharma said OPEC+ may wait for further reports after the peak summer driving season in the US ends before making the next decision, in the context of the market being forecast to be oversupplied in the fourth quarter.

Trading Economics data shows that at 9:00 a.m. on September 3, WTI oil price was trading at 65.61 USD/barrel, up 2.5% compared to last week; similarly, Brent oil was also at 69.09 USD/barrel, up 2.41%.

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