According to a survey at 8:55 p.m. on October 17, world oil prices increased simultaneously. WTI crude oil prices increased by 0.09 USD/barrel (up 0.16%), to 57.55 USD/barrel. Brent oil price increased by 0.10 USD/barrel (up 0.16%), to 61.16 USD/barrel.
Oil prices fell slightly in the trading session on Friday, reaching a decrease of nearly 3% for the week. This decrease is affected by the International Energy Agency (IEA) forecast of an increasing supply glut, along with the news that US President Donald Trump and Russian President Vladimir Putin agreed to hold a new meeting to discuss the issue of Ukraine.
According to the Ministry of Industry and Trade, the world petroleum market this time (from October 9, 2025 to October 15, 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 tends to weaken; the military conflict between Russia and Ukraine continues, Ukraine continues to increase attacks on Russia's energy facilities... The above factors have caused world petroleum prices in recent days to fluctuate up and down depending on each commodity but the downward trend is mainly.
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 decrease.
In the recent adjustment session (October 16), gasoline prices increased simultaneously compared to the previous price management period. Of which, E5 RON 92 gasoline is priced at VND 19,226/liter (up VND 88/liter). RON 95-III gasoline is priced at VND19 903/liter (up VND173/liter).
Prices of oil products have decreased simultaneously. Of which, diesel 0.05S is priced at VND18,423/liter (down VND181/liter); kerosene has a new price of VND18,406/liter (down VND28/liter); mazut is priced at VND14,371/kg (down VND437/kg).
