According to a survey at 7:40 p.m. on October 20, world oil prices decreased simultaneously. WTI crude oil prices fell by 0.41 USD/barrel (down 0.72%), down to 56.74 USD/barrel. Brent oil price decreased by 0.47 USD/barrel (down 0.77%), down to 60.82 USD/barrel.
Oil prices fell on Monday, under pressure from concerns about global supply glories as US-China trade tensions increased concerns about economic recession and weaker energy demand.
According to the Ministry of Industry and Trade, the world petroleum market this time (from October 9, 2025 to October 15, 2025) is affected by main factors such as: OPEC+ announced an increase in oil production in November but the increase was lower than expected; global oil demand tends to weaken; the military conflict between Russia and Ukraine continues, Ukraine continues to increase attacks on Russia's energy facilities... The above factors have caused world petroleum prices in recent days to fluctuate up and down depending on each commodity but the downward trend is mainly.
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.
In particular, RON 95-III gasoline price is forecast to decrease by about 0-50 VND/liter; E5 RON 92-II gasoline decreases by about 0-30 VND/liter; Diesel oil decreases by about 490 VND/liter.
In the recent adjustment session (October 16), gasoline prices increased simultaneously compared to the previous price management period. Of which, E5 RON 92 gasoline is priced at VND 19,226/liter (up VND 88/liter). RON 95-III gasoline is priced at VND19 903/liter (up VND173/liter).
Prices of oil products have decreased simultaneously. Of which, diesel 0.05S is priced at VND18,423/liter (down VND181/liter); kerosene has a new price of VND18,406/liter (down VND28/liter); mazut is priced at VND14,371/kg (down VND437/kg).
