According to a survey at 9:40 a.m. on December 3, world oil prices decreased simultaneously. WTI crude oil prices fell by 0.24 USD/barrel (down 0.41%), down to 58.40 USD/barrel. Brent oil price decreased by 0.18 USD/barrel (down 0.29%), down to 62.20 USD/barrel.
Oil prices continued to fall for the second consecutive day on Wednesday, as the market closely followed peace negotiations between Russia and Ukraine. Investors expect positive progress to lead to additional supply, in the context of concerns about increased excess, especially when inventories continue to swell.
According to the Ministry of Industry and Trade, the world petroleum market last week (from November 20, 2025 to November 26, 2025) was affected by main factors such as: the new proposal of the United States to end the military conflict between Russia and Ukraine; US crude oil inventories decreased, while gasoline and diesel inventories increased; The military conflict between Russia and Ukraine continued... The above factors have caused world petroleum prices in recent days to increase and decrease depending on each commodity, but the general trend is to decrease.
Regarding the domestic situation, the Vietnam Petroleum Institute (VPI) forecasts that retail prices of gasoline will increase while retail prices of petroleum will decrease in the operating period tomorrow, December 4.
VPI's machine Learning-based gasoline price forecasting model shows that in the adjustment period on December 4, retail gasoline prices may increase by 3% while retail oil prices decreased by 0.1 - 2.9% compared to the previous adjustment period, if the Ministry of Finance - Industry and Trade does not set aside or use the Petroleum Price Stabilization Fund.
According to Mr. Doan Tien Quyet - VPI's data analysis expert, the retail price of E5 RON 92 gasoline may increase by 567 VND (3%) to 19,858 VND/liter, while RON 95-III gasoline is forecast to increase by 602 VND (3%) to 20,602 VND/liter.
A representative of a petroleum business also said that domestic petroleum prices will fluctuate according to the world petroleum situation. According to current market developments, it is forecasted that in the next price management period, retail prices of gasoline may have opposite adjustments in the direction of increasing gasoline prices and decreasing oil prices.
In particular, RON 95-III gasoline price is forecast to increase by about 520 VND/liter; E5 RON 92-II gasoline increases by about 500 VND/liter; Diesel oil decreases by about 320 VND/liter.
In the recent adjustment session (November 27), gasoline prices decreased simultaneously. Of which, E5 RON 92 gasoline is priced at VND 19,288/liter (down VND 519/liter). RON 95-III gasoline is priced at VND 20,009/liter (down VND 533/liter).
Prices of oil products also decreased sharply. Of which, diesel 0.05S is priced at VND18,000/liter (down VND1,026/liter); kerosene has a new price of VND19,473/liter (down VND815/liter); mazut 180CST 3.5S is priced at VND13,488/kg (down VND251/kg).
