Gasoline prices may increase slightly in the adjustment period on October 2

According to the plan, the Ministry of Industry and Trade and the Ministry of Finance will announce new retail prices of gasoline on October 2. The price movements of imported gasoline from Singapore show that domestic gasoline prices are likely to increase slightly or remain unchanged, while diesel may increase significantly.

Gasoline prices may increase by 50-100 VND/liter

The leader of a key enterprise in the South said that after the previous management period, the world crude oil price increased at times but recently turned to decrease. On September 30, the import price of RON 95 gasoline in Singapore was at 79.2 USD/barrel, RON 92 was 77.33 USD/barrel, equivalent to 7 days ago.

With this development, domestic gasoline prices are expected to increase by about 50-100 VND/liter or remain unchanged, depending on the management and use of the Price Stabilization Fund. Meanwhile, diesel prices may increase more sharply, about 200-350 VND/liter.

The owner of a petroleum distribution company in the North also predicted that gasoline prices will increase slightly in the next management period. On September 30, gasoline discounts at some warehouses were at 1,000-1,100 VND/liter.

If the forecast comes true, domestic gasoline prices will rebound after just one decrease. Since the beginning of the year, RON 95 gasoline has increased 22 times, decreased 18 times; diesel has increased 20 times, decreased 18 times and remained unchanged once.

In the most recent adjustment on September 25, the price of E5 RON 92 gasoline decreased by VND370/liter to VND19,610/liter; RON 95 gasoline decreased by VND440/liter to VND20,160/liter. Diesel oil decreased slightly by VND50/liter to VND18,650/liter, while kerosene increased by VND80/liter to VND18,620/liter and fuel oil increased by VND70/kg to VND15,200/kg.

World markets under pressure from OPEC+

In the international market, oil prices continued to fall in the session on September 30 as investors worried about excess supply. According to Reuters, OPEC+ (including OPEC member countries and 10 other producing countries) may decide to speed up the rate of production increase at the meeting in early November.

Two of the three sources said the eight OPEC+ members could agree to raise output by 274,000 to 411,000 barrels a day, two to three times the increase in October. Another source said the increase could be as high as 500,000 barrels a day. Bloomberg had previously reported that OPEC+ was considering raising output by 500,000 barrels a day, but OPEC denied the information.

Mr. Andrew Lipow, President of energy consulting firm Lipow Oil Associates, commented: "The possibility of OPEC+ increasing production, combined with additional supply from Iraq, is putting great pressure on oil prices."

According to Trading Economics data, at 8:00 a.m. on October 1, WTI oil price was trading at $62.23/barrel, down 5.27% compared to last week. Brent oil price also decreased by 4.82%, to $65.86/barrel.

Source: https://dantri.com.vn/kinh-doanh/gia-xang-dau-co-the-tang-nhe-trong-ky-dieu-chinh-ngay-210-20251001080557773.htm