Will gasoline prices increase 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 18). The leader of a major gasoline and diesel distribution company in the South said that after the previous price adjustment, crude oil prices fluctuated in opposite directions.

On September 16th, the price of imported gasoline in the Singapore market was $83.4 USD/barrel for RON 95 gasoline, an increase of nearly $2 USD/barrel compared to 7 days earlier; RON 92 gasoline was at $81.14 USD/barrel, also an increase of nearly $2 USD/barrel. It is highly likely that domestic gasoline prices will increase in the price adjustment on September 18th.

Gasoline prices are expected to increase by approximately 200-300 VND/liter. Meanwhile, diesel prices may increase slightly by 50-100 VND/liter or remain unchanged. If the inter-ministerial committee utilizes the Price Stabilization Fund, gasoline prices may increase less significantly.

The owner of a petroleum distribution business in the North also predicted that gasoline prices would increase in tomorrow's price adjustment. On September 17th, the discount on gasoline at some depots was around 1,000-1,200 VND/liter.

If the forecast is correct, domestic gasoline prices will rebound after a recent decline. Since the beginning of the year, RON 95 gasoline has increased 21 times and decreased 17 times. Diesel fuel has increased 19 times, decreased 17 times, and remained unchanged once.

In the most recent price adjustment on September 11th, E5 RON 92 gasoline decreased by 100 VND/liter to 19,750 VND/liter; RON 95 gasoline also decreased by 30 VND/liter to 20,400 VND/liter. Diesel increased by 170 VND/liter to 18,640 VND/liter, kerosene increased by 50 VND/liter to 18,360 VND/liter; and mazut decreased by 280 VND/kg to 15,090 VND/kg.

On the global market, oil prices rose slightly during trading on September 16th as the market weighed the risk of supply disruptions from Russia, according to Reuters.

Phil Flynn, an expert at Price Futures Group, said that attacks on Russian oil infrastructure, along with increasing pressure from US President Donald Trump on buyers of Russian crude oil, have driven oil prices up.

In addition, oil prices were supported by strong refining demand in China and a decrease in US crude oil inventories. However, weak economic data from China put downward pressure on prices.

Investors are also awaiting the Federal Reserve's interest rate decision at its meeting on September 16-17. A rate cut could lower borrowing costs, boosting fuel demand. According to Phil Flynn, the market is anticipating a potentially sharp rate cut by the Fed, weakening the dollar and pushing oil prices higher.

Data from Trading Economics shows that at 1:00 AM on September 17th, WTI crude oil was trading at $64.72 per barrel, up 3.25% from the previous week; similarly, Brent crude oil was at $68.6 per barrel, up 2.41%.

Source: https://dantri.com.vn/kinh-doanh/gia-xang-ngay-mai-tang-20250917005613947.htm