Gasoline price today October 4: Many fluctuations forecast

Oil prices today, October 4, remained stable but were still under downward pressure due to concerns about OPEC+ increasing production.

The world oil market is stable.

According to Oilprice at 4:30 a.m. on October 4 (Vietnam time), Brent oil price reached 64.75 USD/barrel, up 0.65 USD (1.01%). WTI oil stood at 61.14 USD/barrel, up 0.53 USD (0.88%).

Despite a slight increase, Brent crude oil prices still fell 8.2% and WTI lost 7.6% for the week. The main reason comes from the possibility that OPEC+ will increase November production by 274,000 to 411,000 barrels/day, 2-3 times the increase in October, in the context of Saudi Arabia's desire to expand market share.

Experts say the increase in supply combined with seasonal demand declines and global refining capacity cuts due to maintenance will put the market under great pressure in the fourth quarter.

Domestic gasoline prices on October 4

During the adjustment period from 3:00 p.m. on October 2, the Ministry of Industry and Trade - Ministry of Finance announced new retail prices.

Accordingly, E5RON92 gasoline increased slightly by 6 VND/liter, to 19,624 VND/liter; RON95 gasoline increased by 44 VND/liter, reaching 20,209 VND/liter. In the oil group, diesel increased by 380 VND/liter to 19,038 VND/liter, kerosene increased by 377 VND/liter to 19,005 VND/liter, while mazut increased by 161 VND/kg, reaching 15,370 VND/kg.

Notably, during this period, the Petroleum Price Stabilization Fund was not allocated nor used for any goods.

Source: https://baodanang.vn/gia-xang-dau-hom-nay-4-10-du-bao-nhieu-bien-dong-3305406.html