Forecast of gasoline and oil price decrease in the next operating session

At 9:21 AM on April 8, 2026, world oil prices simultaneously fell sharply. In which, WTI oil price was at 96.53 USD/barrel, down 16.42 USD/barrel, equivalent to a decrease of 14.54%. Brent oil was at 95.46 USD/barrel, down 13.81 USD/barrel, equivalent to a decrease of 12.64%.

Oil prices fell below $100 a barrel on Wednesday after US President Donald Trump announced he had agreed to a two-week ceasefire agreement with Iran, provided that the Strait of Hormuz is reopened immediately and safely.

Regarding the domestic market, sharing with Lao Dong, a representative of a gasoline and oil business predicted that in the next price adjustment period, gasoline and oil prices may decrease.

In which:

- RON 95 - III gasoline reduced by about 200 VND/liter;

- E5 RON 92 - II gasoline reduced by about 400 VND/liter;

- Diesel oil reduced by more than 4,000 VND/liter.

According to the Ministry of Industry and Trade, the world gasoline and oil market in the past operating period was affected by key factors such as: Military conflict between the US, Israel and Iran continues to occur, increasing tensions appear when the US President declares that he will continue to attack Iran and Iran takes retaliatory actions; Iran continues to control the Strait of Hormuz; Houthi forces in Yemen, Hezbollah in Lebanon attack Israel; military conflict between Russia and Ukraine continues to occur...

At the regular Government meeting in March 2026 and the Government-local Government online conference to assess the socio-economic development situation of the first quarter of 2026, proposing key tasks and solutions for the second quarter and the coming time, on April 4, Acting Minister of Industry and Trade Le Manh Hung said that in the face of developments in the Middle East, the operating agency has developed 2 response scenarios with the priority goal of ensuring energy security and controlling the impact of prices on the macroeconomy.

Up to now, the basic scenarios have taken place according to forecasts, helping the domestic economy avoid major shocks in supply and prices.

To respond to fluctuations, the head of the Ministry of Industry and Trade said that the Government has simultaneously implemented 5 groups of solutions.

One is to improve mechanisms and policies with a series of resolutions and decrees issued in a timely manner, creating a legal corridor for flexible management.

Two is to increase domestic supply. Refinery and petrochemical plants are optimized for operation, product structure is adjusted towards energy priority. Two ethanol plants in Dong Nai and Dung Quat operate at full capacity, contributing to raising the self-sufficiency rate by about 14%.

In addition, oil and gas production has also been increased by more than 11%, while processing facilities such as Phu My condensate plant have been restored.

Three is to manage prices according to a flexible mechanism, closely following the market but avoiding shock. Instead of sudden adjustments, prices are managed according to "stakes", combined with the Price Stabilization Fund to reduce impact on people and businesses.

Fourth, strictly control the distribution system. The minimum inventory regulation of 20 days is strictly implemented, helping to prevent hoarding and speculation. To date, no widespread closure or sale suspension has been recorded. Finally, increase reserves.