How is gasoline price expected to be adjusted in the next operating 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.

    According to a report from Oilprice at 6:00 a.m. on September 30 (Vietnam time), the price of WTI oil reached 68.19 USD/barrel, down slightly by 0.01%. The price of Brent oil also decreased by 0.17%, down to 71.86 USD/barrel.

    Speaking with Lao Dong, a representative of the Vietnam Commodity Exchange - MXV said that regarding the decline in oil prices, Saudi Arabia is currently preparing to abandon its unofficial price target of raising crude oil prices to $100/barrel as the country prepares to increase production.

    Meanwhile, Libya's factions have signed an agreement on the process for appointing a new central bank governor, the first step toward resolving a dispute over control of the central bank and oil revenues that has reduced Libya's oil production and exports.

    This move from the OPEC+ member country could restore its exports to around 1 million barrels per day from an average of 400,000 barrels per day in September.

    The additional supply news combined with previous concerns about weak growth from China, the world's No. 1 crude oil importer, weighed on market sentiment and put huge pressure on prices.

    Russia said it could lift its ban on gasoline exports if fuel shortages on the domestic market improve. Despite the ban, Russian oil product exports rose about 10% in the first half of September compared to August as shipments of diesel and fuel oil recovered from multi-month lows last month.

    Regarding the domestic market, speaking with Lao Dong, a petroleum business in Hanoi said that, along with the downward trend of world oil prices, domestic petroleum prices in the next adjustment session (October 3) are forecast to decrease sharply.

    Of which, the price of RON 95 gasoline is forecast to decrease by 720 VND/liter; E5 RON 92 gasoline is forecast to decrease by 680 VND; diesel is forecast to decrease by 190 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
    RELATED NEWS
    Fire at Ang Son Parish Church in Tay Hoa Lu ward, Ninh Binh province. Photo: Cut from clip provided by reader

    Fire at Ang Son Parish Church in Ninh Binh

    |

    Ninh Binh - On the evening of August 20, a fire occurred at Ang Son Parish Church in Dai Son street, Tay Hoa Lu ward.

    The Standing Committee of the Central Committee of the Vietnam Fatherland Front organized a cordial meeting with the participation of National Assembly, Government and Central Committee leaders of the Vietnam Fatherland Front with National Assembly deputies of the 16th term belonging to the Front bloc at the Central and local levels. Photo: Quang Vinh/VFF

    Promoting the intelligence and responsibility of National Assembly deputies belonging to the Front bloc

    |

    On the afternoon of August 20, at the National Assembly House, the Standing Committee of the Central Committee of the Vietnam Fatherland Front organized a cordial meeting with the participation of leaders of the National Assembly, the Government and the Central Committee of the Vietnam Fatherland Front with National Assembly deputies of the 16th term belonging to the Front bloc at the Central and local levels.

    Functional forces focus on supporting people to overcome the consequences of natural disasters. Photo: Phuc Khanh

    Tornado in Bao Loc, a series of houses had their roofs blown off, and green trees fell

    |

    Lam Dong - Heavy rain accompanied by tornadoes swept through many wards in Bao Loc, causing dozens of houses to have their roofs blown off, green trees uprooted, and many roads obstructed.

    Parents buy textbooks, preparing for the new school year. Photo: Chan Phuc

    Ho Chi Minh City achieves 98% of textbook demand, publishing houses continue to print additionally

    |

    Vietnam Education Publishing House said that it has supplied 98% of textbooks according to registered needs in Ho Chi Minh City and is continuing to print more to meet arising needs.

    Many fans have not been able to hunt for tickets for the second leg of the ASEAN Cup 2026 final between Vietnam and Thailand. Photo: Minh Phong

    Tickets for the ASEAN Cup 2026 final for Vietnam national team are sold out, many fans could not buy tickets

    |

    VFF announced that tickets for the second leg of the ASEAN Cup 2026 final match between Vietnam and Thailand at My Dinh Stadium have been sold out online in just a few hours.

    Dự báo giá xăng giảm mạnh kỳ tới. Ảnh minh họa: Hà Vy

    Gasoline price today September 29: Gasoline price forecast to drop sharply next period

    Hà Vy |

    Gasoline prices are expected to decrease sharply in the next price adjustment period. Of which, gasoline may decrease by about 600-700 VND/liter; oil may decrease by about 300 VND/liter.

    Giá xăng dầu hôm nay đồng loạt tăng mạnh. Ảnh minh họa: PLX

    Gasoline prices today September 28: Strong increase across the board

    Hà Vy |

    Oil prices today, September 28: Oil prices today increased sharply. WTI crude oil reached 68.18 USD/barrel; Brent oil reached 71.51 USD/barrel.

    Giá xăng dầu hôm nay bất ngờ lao dốc. Ảnh minh họa: PLX

    Gasoline price today 9/27: World gasoline price plummets

    Hà Vy |

    Oil prices today, September 27: Oil prices today fell sharply. WTI crude oil reached 67.38 USD/barrel; Brent oil reached 70.78 USD/barrel.