At the end of a trading week, WTI crude oil was at 60.88 USD/barrel last weekend, down to 58.90 USD/barrel last weekend (the lowest level since the beginning of May). Overall last week, WTI oil decreased by 1.98 USD/barrel, equivalent to a decrease of 3.3%.
Brent oil was at 64.53 USD/barrel last weekend, down to 62.73 USD/barrel this weekend (lowest level since May 5). Overall last week, Brent oil decreased by 1.8 USD/barrel, equivalent to a decrease of 2.8% compared to last week.
Thus, gasoline prices continued to decline last week, continuing the strong decline from last week. Especially in the weekend session, both WTI and Brent oil prices plummeted after the US announced the imposition of 100% tariffs on Chinese goods
According to the Ministry of Industry and Trade, the world petroleum market this time (from October 2, 2025 to October 8, 2025) is affected by main factors such as: OPEC+ announced an increase in oil production in November but the increase was lower than expected; global oil demand tended to weaken; military conflict between Russia and Ukraine continued, Ukraine continued to increase attacks on Russia's energy facilities. The above factors have caused world oil prices in recent days to fluctuate up and down depending on each commodity, but the downward trend is mainly the downward trend.
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 adjustment period, retail prices of gasoline may continue to decrease.
In the recent adjustment session (October 9), gasoline prices decreased simultaneously compared to the previous price management period. Of which, E5 RON 92 gasoline is priced at VND 19,138/liter (down VND 486/liter). RON 95-III gasoline is priced at VND19,729/liter (down VND480/liter).
Prices of oil products have decreased simultaneously. Of which, diesel 0.05S is priced at VND 18,604/liter (down VND 434/liter); kerosene has a new price of VND 18,434/liter (down VND 571/liter); mazut is priced at VND 14,808/kg (down VND 562/kg).
