According to a survey at 9:41 a.m. on August 12 (Vietnam time), WTI oil price increased by 0.02 USD/barrel (up 0.03%), to 63.98 USD/barrel. Brent oil price increased by 0.06 USD/barrel (up 0.09%), to 66.69 USD/barrel.
Oil prices increased on Tuesday as the US and China extended the temporary suspension of tariff increases. This would ease concerns that an escalating trade war would disrupt the economy and reduce fuel demand in the world's two largest oil consuming countries, analysts say.
According to the Ministry of Industry and Trade, the world petroleum market this time (from July 31, 2025 to August 6, 2025) is affected by main factors such as: Update information on US tax policies on imported goods from trading partners; OPEC+ decided to increase oil exploitation output in September; The military conflict between Russia and Ukraine continues... The above factors have caused world petroleum prices in recent days to fluctuate 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 decrease simultaneously.
In particular, the price of RON 95 - III gasoline is forecast to decrease by about 400-500 VND/liter; E5 RON 92 - II gasoline decreases by about 400-500 VND/liter; Diesel oil decreases by about 650-750 VND/liter.
In the adjustment session on August 7, the price of E5 RON 92 gasoline increased compared to the previous adjustment period, priced at VND 19,401/liter (up VND 122/liter). RON 95-III gasoline price increased compared to the previous adjustment period, at VND19,840/liter (up VND131/liter).
Prices of oil products fluctuated in different directions. Of which, diesel 0.05S is priced at VND19,568/liter (down VND61/liter); kerosene has a new price of VND18,714/liter (up VND86/liter); mazut is priced at VND15,533/kg (up VND154/kg).
