According to a survey at 8:22 a.m. on July 3 (Vietnam time), WTI oil prices decreased by 0.35 USD/barrel (down 0.52%), down to 67.10 USD/barrel. Brent oil price decreased by 0.42 USD/barrel (down 0.61%), down to 68.70 USD/barrel.
Oil prices increased by 3% this morning after Iran temporarily suspended cooperation with the United Nations nuclear watchdog. However, this price increase has been somewhat limited by the unexpected supply of crude oil from the United States.
Mr. Doan Tien Quyet - data analysis expert of VPI - predicted that the retail price of E5 RON 92 gasoline may decrease by VND 1,412 (6.9%) to VND 19,118/liter, while RON 95-III gasoline may decrease by VND 1,440 (6.8%) to VND 19,670/liter.
VPI's model also predicts that in this period, kerosene prices may decrease by 7.5% to VND17,631/liter, mazut may decrease by 7.2% to VND15,730/kg, and diesel may decrease by 7.1% to VND17,977/liter. VPI forecasts that the Ministry of Finance - Industry and Trade will continue not to set aside or use the Petroleum Price Stabilization Fund this period.
A representative of a petroleum business said that domestic petroleum prices will fluctuate according to the world petroleum situation. According to current market developments, it is forecasted that in the next price adjustment period, retail prices of gasoline may decrease sharply.
In particular, the price of RON 95 - III gasoline is forecast to decrease by about 1,300 VND/liter; E5 RON 92 - II gasoline decreases by about 1,200 VND/liter; Diesel oil decreases by about 1,000 VND/liter.
Domestic retail prices of petroleum on July 3, 2025 will be applied according to the price from July 1, 2025 when the value-added tax (VAT) on petroleum decreases from 10% to 8%.
E5RON92 gasoline: not higher than VND 20,530/liter (down VND 381/liter compared to the previous period). RON95-III gasoline: not higher than VND 21,116/liter (down VND 391/liter compared to the previous period).
Diesel 0.05S: not higher than VND 19,349/liter (down VND 358/liter compared to the previous period). Kerosene: not higher than VND 19,064/liter (down VND 353/liter compared to the previous period). madut Oil 180CST 3.5S: not higher than VND 16,955/kg (down VND 314/kg compared to the previous period).
