Gasoline prices tomorrow may be adjusted to decrease

In the international market, oil prices fell sharply this week, more than 8% for Brent oil and about 7.7% for WTI oil. The decrease in world oil prices this week is 4 times the decrease of last week.

Brent crude oil prices ended the week at $61.29/barrel, while WTI crude oil prices closed at $58.29/barrel.

Domestic gasoline prices may reverse tomorrow. Photo: Nguyen Hue

In the domestic market, according to plan, the Ministry of Industry and Trade - Ministry of Finance will adjust retail gasoline prices tomorrow afternoon (Monday, May 5) because Thursday (May 1) is International Labor Day.

Some petroleum businesses believe that domestic gasoline prices in tomorrow's adjustment period may be adjusted down following the trend of world gasoline prices.

Specifically, if the regulatory agency does not affect the Petroleum Price Stabilization Fund, domestic gasoline prices could decrease by about 130-480 VND/liter.

Similarly, diesel prices are likely to be adjusted down by VND180-380/liter.

In case the regulatory agency draws from the Stabilization Fund, gasoline prices may decrease less.

If forecasted, domestic RON 95 gasoline prices will reverse and decrease after being adjusted upward in the previous management period.

Currently, the price of this fuel is still at its lowest level in the past 4 years, equivalent to May 2021.

In the most recent adjustment period (April 24), RON 95 gasoline price was adjusted up by 780 VND/liter, retail price is 19,630 VND/liter.

While the price of E5 RON 92 gasoline increased by 740 VND/liter, the retail price increased to 19,230 VND/liter.

Diesel price increased by 490 VND/liter, retail price is 17,520 VND/liter.

Source: https://baonghean.vn/gia-xang-ngay-mai-co-the-dieu-chinh-quay-dau-giam-10296516.html