According to a survey at 4:00 p.m. on July 12 (Vietnam time), WTI oil price increased by 1.88 USD/barrel (up 2.82%), to 68.45 USD/barrel. Brent oil price increased by 1.72 USD/barrel (up 2.51%), to 70.36 USD/barrel.
World oil prices increased sharply in the trading session at the end of the week. According to analysts, oil demand is being driven by the peak period of oil refining in the summer to meet travel and electricity production needs.
For the domestic market, the Ministry of Industry and Trade said that the world petroleum market this time (from July 3, 2025 to July 9, 2025) is affected by main factors such as: escalating tensions in the Red Sea area; information about the new US import tax policy on goods from trading partners; increased US crude oil inventories; military conflict between Russia and Ukraine continues...
The above factors have caused world oil prices in recent days to fluctuate up and down depending on each commodity.
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 have opposite adjustments.
Domestic retail gasoline prices on July 12, 2025 will be applied according to the adjustment session from 3:00 p.m. on July 10 of the Ministry of Finance - Ministry of Industry and Trade.
In today's adjustment session (September 10), the price of E5 RON 92 gasoline increased compared to the previous adjustment period, priced at VND 19,659/liter (up VND 214/liter). RON 95-III gasoline price increased compared to the previous adjustment period, priced at VND 20,090/liter (up VND 184/liter).
Prices of oil products fluctuated in different directions. Of which, diesel 0.05S is priced at VND18,837/liter (up VND429/liter); kerosene has a new price of VND18,371/liter (up VND239/liter); mazut is priced at VND15,563/kg (down VND244/kg).
