Gasoline price increased by more than 500 VND/liter, diesel continued to decrease

From 3 p.m. on December 4, the price of E5 RON92 gasoline increased by VND534/liter, RON95-III increased by VND451/liter. In contrast, the price of diesel and kerosene decreased sharply, while the world oil price only increased slightly.

Domestic gasoline prices adjusted in opposite directions

From 3pm on December 4, the Ministry of Industry and Trade and the Ministry of Finance adjusted the domestic retail price of gasoline. Accordingly, gasoline prices were adjusted up, while oil prices decreased.

Item	New price (VND/liter/kg)	Change rate (VND/liter/kg)
E5 RON92 gasoline	19,822	+534
RON95-III gasoline	20,460	+451
Diesel	18,380	-420
Oil	18,893	-580
Fuel oil	13,436	-52

During this operating period, the Joint Ministry did not make provisions and use the Petroleum Price Stabilization Fund for all products.

According to the Ministry of Industry and Trade, the world oil market recorded mixed fluctuations in the pricing cycle from November 27 to December 3. The main factors affecting it include the decision to maintain OPEC+ production until the end of 2026, tensions between the US and Venezuela, and the conflict in Ukraine. Statistics from the beginning of 2025 to now, domestic oil prices have undergone 46 adjustments, with 20 increases, 20 decreases, and 6 opposite adjustments.

World oil prices increased slightly

In the international market, oil prices recorded a slight increase. According to data from Oilprice at 4:30 a.m. on December 5 (Vietnam time), Brent oil price was trading at 62.79 USD/barrel, up 0.19%. At the same time, WTI oil price was at 59.13 USD/barrel, up 0.31%.

World oil prices recorded a slight increase in the latest trading session.

At the end of the trading session on December 4, Reuters reported that Brent oil increased 0.94% to 63.26 USD/barrel, and WTI oil increased 1.22% to 59.67 USD/barrel.

Factors affecting the market

The rise in oil prices was supported by expectations that the US Federal Reserve will cut interest rates, thereby boosting energy demand. In addition, a weaker US dollar index also made crude more attractive to investors holding other currencies.

Geopolitical factors also contributed to the price increase. News of Ukraine’s attacks on Russia’s Druzhba pipeline, while not disrupting supply, still created market concerns. According to consultancy Kpler, the attacks on Russian refineries reduced refining capacity by 335,000 barrels per day (bpd) year-on-year between September and November 2025. In addition, the stalled peace talks between the US and Russia and escalating tensions between the US and Venezuela also supported prices.

However, the upside momentum was limited by a report from the US Energy Information Administration (EIA). Accordingly, US crude oil inventories in the week ending November 28 rose by 574,000 barrels, contrary to forecasts of a decrease. Along with that, Fitch Ratings has lowered its oil price forecast for the period 2025-2027 due to concerns about oversupply as global production may increase faster than demand.

Source: https://baolamdong.vn/gasoline-price-increased-by-500-donglit-dau-diesel-tiep-tuc-giam-408289.html