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

    Cinema is a spearhead in the picture of cultural development

    |

    Vietnamese cinema affirms its leading role in the overall development of the cultural industry, while recognizing the contributions of many generations of artists to the industry.

    Ms. Ta Thi Yen - Deputy Chairwoman of the Delegation Affairs Committee, Deputy Chief of the Standing Office of the National Election Council - informed the press about the progress of elections nationwide. Photo: Pham Dong

    Nearly 62 million voters voted to elect National Assembly deputies and People's Council deputies

    |

    As of 2:15 PM, about 61,760,000 voters participated in voting, reaching 80.63%; of which 380 communes, wards and polling areas completed voting.

    Athletes and coaches participate in elections

    |

    Coaches and athletes participating in the election affirmed that each ballot is a responsible choice for the development of the country.

    Mr. Mai Chi Kien (101 years old) and a 97-year-old woman participate in voting at ballot box No. 15 (Ha Tu 7 neighborhood, Ha Tu ward). Photo: Hoang Nga

    32 voters aged 100 and over in Quang Ninh vote to elect National Assembly and People's Council deputies at all levels

    |

    Quang Ninh - On the morning of March 15, many voters, although elderly in the province, still tried to be present at the polling station to exercise their rights and obligations as citizens.

    Extra ballot boxes are transported from Con Co special zone to ships, transported to ships performing tasks at sea for voters to vote. Photo: Duyen Duyen

    Ballot boxes in Con Co special zone overcome waves to help voters exercise their right to vote

    |

    Quang Tri - Con Co Special Zone has arranged ships to bring auxiliary ballot boxes across large waves to the sea, helping voters on ships to exercise their citizen rights.

    From voters' votes, sending faith in the new term

    From voters' votes, sending faith in the new term

    |

    On March 15, nearly 79 million voters nationwide excitedly went to vote for National Assembly and People's Council deputies for the 2026–2031 term, placing their trust in worthy deputies.

    Vietnamese artists participate in elections. Photo: DI PY.

    Miss Bao Ngoc, Quyen Linh and artists share their feelings when going to vote

    |

    Ho Chi Minh City - On the morning of March 15, artists such as Miss Bao Ngoc, Thanh Thuy, Quyen Linh came to polling stations in the city to participate in voting.

    From early morning, more than 3,500 voters who are ethnic minorities of Sin Thau commune - the westernmost part of the Fatherland were present at the polling stations to participate in voting. Photo: Thanh Binh

    Important day at the westernmost point of the Fatherland

    |

    Dien Bien - From early morning, more than 3,500 voters who are ethnic minorities of Sin Thau commune - a border commune in the westernmost part of the Fatherland joyfully gathered at the polling stations.

    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.