Forecast of petrol and oil price in the coming period

Thạch Lam |

During the next operation, the price of RON 95 gasoline can be reduced by about 400-500 VND/liter; E5 gasoline can be reduced by about 400-500 VND/liter.

According to a survey at 15h01 on April 15 (Vietnam time), WTI oil price increased by 0.07 USD/barrel (up 0.11%), to US $ 61.60/barrel. Brent oil price increased by 0.02 USD/barrel (up 0.03%), to 64.9 USD/barrel.

According to Ing analysts, in a note on Tuesday, the market is monitoring policies changing rapidly in terms of tariffs, and balancing them with nuclear talks between the US and Iran.

"It is obvious that the market focuses more on tariffs and their significance for oil needs" - Ing analysts assessed.

US Energy Secretary Chris Wright said Friday that the United States could prevent Iran's oil export as part of President Trump's plan to pressure Tehran about its nuclear program.

On Monday, Kazakhstan said the country's oil production decreased by 3% in the first two weeks of April compared to the average of March, although that still caused the country's output exceeded the OPEC+quota.

For the domestic market situation, according to a representative of a petroleum trading enterprise, the domestic gasoline price will fluctuate according to the situation of the world petroleum. According to the current development, forecasting in the next period of operating the price, the retail price of petrol and oil may continue to decrease.

In particular, the price of RON 95 gasoline can be reduced by about 400-500 VND/liter; E5 gasoline can be reduced by about 400-500 VND/liter; Diesel oil decreased by 250-400 VND/liter.

Domestic petroleum retail price on April 15, 2025 was applied according to the adjustment session from 15:00 on April 10 of the Ministry of Finance - Ministry of Industry and Trade.

In the adjustment session on 10.4, E5 RON 92 gasoline price decreased compared to the previous adjustment period, priced at VND 18,882/liter (down VND 1,491/liter). RON 95-III gasoline price decreased compared to the previous adjustment period, priced at 19,207 VND/liter (down 1,712 dong/liter).

The price of oil products also decreased simultaneously. In particular, the 0.05S diesel oil costs 17,243 VND/liter (down 1,235 VND/liter); Galat oil has a new price of VND 17,413/liter (down VND 1,322/liter); Mazut oil costs 15,902 VND/kg (down 1,124 VND/kg).

Thạch Lam
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