According to a survey at 2:10 p.m. on August 1 (Vietnam time), WTI oil prices decreased by 0.06 USD/barrel (down 0.09%), down to 69.20 USD/barrel. Brent oil prices decreased slightly by 0.06 USD/barrel (down 0.08%), down to 71.64 USD/barrel.
According to analysts, oil prices remained almost unchanged on Friday after falling more than 1% in the previous session. Traders see the impact of the new higher tariffs as a possibility of limiting economic activity and reducing growth in global fuel demand.
According to the Ministry of Industry and Trade, the world petroleum market last week (from July 24, 2025 to July 30, 2025) was affected by main factors such as: information about the US-EU framework trade agreement; increased US crude oil inventories; 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 increase.
In particular, gasoline prices are forecast to increase by about 500 - 600 VND/liter; oil prices increase by about 150-250 VND/liter.
In the adjustment session on July 31, the price of E5 RON 92 gasoline increased compared to the previous adjustment period, 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).
