According to a survey at 3:40 p.m. on July 28 (Vietnam time), WTI oil price increased by 0.39 USD/barrel (up 0.60%), to 65.55 USD/barrel. Brent oil price increased by 0.40 USD/barrel (up 0.59%), to 68.06 USD/barrel.
According to analysts, the trade agreement between the United States and the European Union, along with the possibility of extending the temporary suspension of tariffs between the United States and China, is supporting global financial markets and oil prices.
According to the Ministry of Industry and Trade, the world petroleum market last week (from July 17, 2025 to July 23, 2025) was affected by main factors such as: Updated information on the new import tax policy of the US on goods of trading partners; EU announces new sanctions package for Russian oil; The military conflict between Russia and Ukraine continues... The above factors have caused world petroleum prices in recent days to fluctuate up and down depending on each commodity.
For the domestic market, representing 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 slightly. The decrease is about 100 VND/liter.
Domestic retail gasoline prices on July 28, 2025 will be applied according to the adjustment session from 3:00 p.m. on July 24 of the Ministry of Finance - Ministry of Industry and Trade.
In the adjustment session on July 24, the price of E5 RON 92 gasoline decreased compared to the previous adjustment period, at VND19,279/liter (down VND202/liter). RON 95-III gasoline price decreased compared to the previous adjustment period, at VND19,269/liter (down VND216/liter).
Prices of oil products fluctuated in different directions. Of which, diesel 0.05S is priced at VND19,129/liter (up VND330/liter); kerosene has a new price of VND18,628/liter (up VND199/liter); mazut is priced at VND15,379/kg (down VND99/kg).
