According to a survey at 2:42 p.m. on November 4, world oil prices decreased simultaneously. WTI crude oil prices decreased by 0.39 USD/barrel (down 0.64%), down to 60.66 USD/barrel. Brent oil price decreased by 0.42 USD/barrel (down 0.65%), down to 64.47 USD/barrel.
Oil prices fell on Tuesday as investors viewed OPEC+'s decision to temporarily suspend production in the first quarter as a signal of a supply glut in the market.
According to the Ministry of Industry and Trade, the world petroleum market last week's price adjustment period (from October 23, 2025 to October 29, 2025) was affected by main factors such as: the US announcing sanctions on Russia's two largest oil and gas corporations; new US trade negotiations with India and China; OPEC+ plans to slightly increase oil production in December; The military conflict between Russia and Ukraine continues, focusing on each other's energy base... The above factors have caused world petroleum prices to increase sharply in recent days.
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 increase.
Of which, RON 95-III gasoline price is forecast to decrease by about 60 VND/liter; E5 RON 92-II gasoline decreases by about 50 VND/liter; Diesel oil increases by about 130 VND/liter.
In the recent adjustment session (October 30), gasoline prices increased simultaneously. Of which, E5 RON 92 gasoline is priced at VND19,760/liter (up VND710/liter). RON 95-III gasoline is priced at VND 20,488/liter (up VND 762/liter).
Diesel 0.05S is priced at VND 19,203/liter (up VND 1,318/liter); kerosene has a new price of VND 19,271/liter (up VND 1,156/liter); mazut 180CST 3.5S is priced at VND 14,639/kg (up VND 541/kg).
