Gasoline prices expected to increase slightly in the operating period on July 10

According to the Vietnam Petroleum Institute's (VPI) gasoline and oil price forecast model, in the operating period on July 10, retail gasoline and oil prices may only increase slightly by 0.1 - 0.6% if the Ministry of Finance and the Ministry of Industry and Trade do not set aside or use the Gasoline and Oil Price Stabilization Fund.

Gasoline prices are expected to increase slightly in the price adjustment on the afternoon of July 10. Photo: T.Hoa

According to VPI data analysts, the retail price of E5 RON 92 gasoline is forecast to increase by VND119 (0.6%) to VND19,559 per liter, while RON 95-III gasoline may increase by VND24 (0.1%) to VND19,924 per liter.

VPI's model forecasts that the retail price of diesel this period may increase by VND423 (2.3%) to VND18,823/liter, kerosene may increase by VND218 (1.2%) to VND18,348/liter, while fuel oil is forecast to decrease by 1.9% to VND15,501/kg.

VPI forecasts that this period, the Ministry of Finance and the Ministry of Industry and Trade will continue not to set aside or use the Gasoline and Oil Price Stabilization Fund.

Oil prices fell in the trading session on July 8, after rising nearly 2% earlier, as investors assessed the latest developments on US tariffs and OPEC+'s policy of increasing production could have a negative impact on the global economy and oil demand.

Brent crude futures fell about 0.2% to $69.46 a barrel; US WTI crude fell about 0.4% to $67.68 a barrel.

Last week, OPEC+ agreed to increase production by 548,000 barrels per day in August, exceeding the 411,000 barrels per day increase in the previous three months. According to multiple sources, OPEC+ is likely to approve an increase of about 550,000 barrels per day for September 2025 at the upcoming meeting on August 3.

As demand for oil declines seasonally, OPEC+’s policy of increasing production will have a strong impact on the market, increasing the risk that oil prices will continue to fall. Analysts at Commerzbank forecast that Brent oil prices will fall to $65/barrel due to the upcoming supply glut.

Source: https://hanoimoi.vn/gia-xang-du-kien-tang-nhe-trong-ky-dieu-hanh-ngay-10-7-708444.html