Forecast of gasoline price reduction in the next adjustment session

    Anh Tuấn |

    If world oil prices maintain the increase of the past few days, in the next adjustment session (October 3), domestic gasoline prices are expected to decrease sharply.

    Recorded at 9:32 a.m. on January 1 (Vietnam time), world oil prices increased. WTI crude oil traded at 68.28 USD/barrel, up 0.11 USD/barrel, equivalent to an increase of 0.26%. Brent oil traded at 71.80 USD/barrel, up 0.10 USD/barrel, equivalent to an increase of 0.14%.

    Despite the rise in oil prices in the morning adjustment session on October 1, WTI oil has fallen 7% in September - the biggest monthly decline since October 2023. In the third quarter, Brent oil prices have fallen more than 17%, while WTI oil prices have fallen nearly 18%.

    Given the downward trend in world prices, forecasts show that domestic gasoline prices may decrease in the next adjustment period (October 3).

    Of which, the price of RON 95 gasoline is forecast to decrease by 730 VND/liter; E5 RON 92 gasoline is forecast to decrease by 700 VND; diesel is forecast to decrease by 160 VND/liter. The above forecast prices do not take into account the authorities' allocation or use of the Petroleum Price Stabilization Fund.

    Domestically, retail gasoline prices on September 30 are as follows:

    E5 RON 92 gasoline is not more than 19,620 VND/liter.

    RON 95-III gasoline is not more than 20,518 VND/liter.

    Diesel oil not more than 17,506 VND/liter.

    Kerosene not more than 17,873 VND/liter.

    Fuel oil not exceeding 15,357 VND/kg.

    Anh Tuấn
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