Gasoline price forecast to continue to decrease in the upcoming operating session

Thạch Lam |

According to current market developments, it is predicted that in the next operating period, gasoline prices may continue to decrease.

According to a survey at 1:56 PM on March 27, world oil prices simultaneously decreased. WTI oil price was at 94.31 USD/barrel, down 0.17 USD/barrel, equivalent to a decrease of 0.18%. Brent oil was at 101.88 USD/barrel, down 0.01 USD/barrel, equivalent to a decrease of 0.01%.

Regarding the domestic market, sharing with Lao Dong, a representative of a gasoline and oil business predicted that in the next price adjustment period, gasoline and oil prices will have opposite adjustments in the direction of gasoline prices decreasing and oil prices increasing.

Previously, gasoline and oil prices in the operating session on March 26, 2026 were as follows:

- E5RON92 gasoline: not higher than 23,326 VND/liter.

- RON95-III gasoline: not higher than 24,332 VND/liter.

- Diesel oil 0.05S: not higher than 35,440 VND/liter.

not higher than 35. 384 VND/liter.

- 180CST 3.5S fuel oil: not higher than 21,748 VND/kg.

According to the Ministry of Industry and Trade, the world gasoline and oil market in this operating period is affected by key factors such as: Military conflict between the US, Israel and Iran continues to take place; information about US-Iran negotiations to end the conflict; US crude oil inventories increase sharply; military conflict between Russia and Ukraine still takes place... The above factors caused world finished gasoline and oil prices on March 25, 2026 to fluctuate downwards.

In yesterday's operating session, the Ministry of Industry and Trade announced that in Official Dispatch No. 2059 sent to key petroleum trading traders, key petroleum production traders, and petroleum distribution traders, the Ministry of Industry and Trade informed that on March 26, 2026, the Prime Minister issued Decision No. 482/QD-TTg on the application of environmental protection tax, value-added tax, and special consumption tax on gasoline, oil, and aviation fuel in necessary cases for national interests.

Accordingly, the time of application of Decision No. 482/QD-TTg dated March 26, 2026 on tax reduction is from 24:00 on March 26, 2026 to the end of April 15, 2026; the level of environmental protection tax, value-added tax, special consumption tax for gasoline, oil and aviation fuel is as follows:

The environmental protection tax rate for gasoline (excluding ethanol), diesel and aviation fuel is 0 VND/liter; gasoline, diesel and aviation fuel are not subject to declaration and payment of value-added tax but are eligible for input value-added tax deduction; the special consumption tax rate for all types of gasoline is 0%.

Thạch Lam
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