Update on gasoline and oil prices on April 2: World oil prices increase

Thạch Lam |

According to current market developments, it is predicted that in the next operating period, gasoline and oil prices will continue to have many fluctuations.

According to updates at 2:55 PM on April 2, world oil prices simultaneously increased. WTI oil price was at 106.49 USD/barrel, up 6.37 USD/barrel, equivalent to an increase of 6.36%. Brent oil was at 107.90 USD/barrel, up 6.74 USD/barrel, equivalent to an increase of 6.66%.

World oil prices rose nearly 7% on Thursday, as President Donald Trump announced that the US would continue attacks on Iran without committing a specific timeline to end the war, raising investors' concerns about prolonged supply disruptions.

In the operating session on March 26, 2026, gasoline and oil prices are as follows:

- E5RON92 gasoline: not higher than 23,326 VND/liter.

- RON95-III gasoline: not higher than 24,332 VND/liter.

- Diesel oil 0.05S: not higher than 35,440 VND/liter.

not higher than 35. 384 VND/liter.

- 180CST 3.5S fuel oil: not higher than 21,748 VND/kg.

In the context of a volatile global energy market, domestic gasoline and oil price management is being implemented in a more flexible direction to closely monitor world market developments, while ensuring domestic supply and demand stability. Gasoline and oil enterprises in Vietnam are proactively increasing reserves and diversifying supply sources to ensure domestic market stability.

Recently, the Ministry of Industry and Trade also issued a Plan to implement Conclusion No. 14-KL/TW of the Politburo and Official Dispatch No. 22/CD-TTg of the Prime Minister on ensuring supply and stabilizing fuel prices in the new situation, with a series of synchronous tasks and solutions to maintain the domestic gasoline and oil market.

According to the plan, units under the Ministry such as the Domestic Market Management and Development Department; Oil and Gas and Coal Department, Import-Export Department coordinate with key petroleum trading traders, key petroleum production traders, petroleum distribution traders and Departments of Industry and Trade of provinces and cities to continue to closely monitor the developments of the world petroleum market, forecast the situation, supply and demand developments and world petroleum prices to update effective response scenarios and overall handling plans, ensuring petroleum supply for the domestic market.

Units under the Ministry continue to direct the implementation of solutions in Resolution No. 36/NQ-CP dated March 6, 2026 to diversify crude oil supply sources for oil refineries to maintain operations, increase domestic crude oil exploitation; direct two oil refineries to maintain maximum safe capacity; put ethanol and condensate plants into production.

In addition, continue to direct key petroleum trading traders, key petroleum production traders, and petroleum distribution traders to build and strictly implement plans to create sources, import, and reserve; strictly maintain mandatory circulation reserves, ensuring full supply to the distribution system.

Thạch Lam
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