Gasoline price forecast to reverse down in this week's operating session

According to a survey at 2:17 p.m. on July 14 (Vietnam time), WTI oil price increased by 0.38 USD/barrel (up 0.56%), to 68.83 USD/barrel. Brent oil price increased by 0.35 USD/barrel (up 0.50%), to 70.71 USD/barrel.

Oil prices increased slightly by 2% on Monday compared to the end of last week. According to investors, Saudi's increased production and ongoing tariff instability have limited the increase.

For the domestic market, the Ministry of Industry and Trade said that the world petroleum market this time (from July 3, 2025 to July 9, 2025) is affected by main factors such as: escalating tensions in the Red Sea area; information about the new US import tax policy on goods from trading partners; increased US crude oil inventories; military conflict between Russia and Ukraine continues... The above factors have caused world petroleum prices to fluctuate in recent days depending on each commodity.

According to a representative of a petroleum business, domestic petroleum prices will fluctuate according to the world petroleum situation. According to current market developments, it is forecasted that in the next price management period, retail prices of gasoline may have a slight adjustment in the direction of decreasing gasoline prices and increasing oil prices, but the fluctuations are not significant.

In particular, the price of RON 95 - III gasoline is forecast to decrease by about 50 VND/liter; E5 RON 92 - II gasoline decreases by about 60 VND/liter; Diesel increases by about 10 VND/liter.