Gasoline price on August 14 increase or decrease?

According to the plan, the Ministry of Industry and Trade and the Ministry of Finance will adjust the retail price of gasoline periodically tomorrow (August 14). The leader of a major gasoline distribution enterprise in the South said that after the previous adjustment period, the price of crude oil has continued to decrease.

On August 11, the price of imported gasoline in the Singapore market was at 79.23 USD/barrel for RON 95 gasoline, down nearly 1 USD/barrel compared to 5 days ago; RON 92 gasoline was at 77.08 USD/barrel, down nearly 1 USD/barrel. It is likely that domestic gasoline prices will reverse to decrease in the operating period on August 14.

Gasoline prices are expected to decrease by about 300-400 VND/liter. Meanwhile, diesel prices may decrease by 600-800 VND/liter. If the joint ministries draw from the Price Stabilization Fund, gasoline prices may decrease less.

The owner of a petroleum distribution company in the North also predicted that petroleum prices will decrease in the operating period tomorrow. On August 12, the petroleum discount at some warehouses was at 1,400-2,200 VND/liter.

If forecasts are correct, domestic gasoline prices will reverse after two consecutive increases. Currently, this fuel price is at a low level in more than 4 years, equivalent to June 2021. Since the beginning of the year, RON 95 gasoline has increased 18 times, decreased 15 times. Diesel has increased 16 times, decreased 15 times and remained unchanged once.

In the most recent adjustment on August 7, E5 RON 92 gasoline increased by VND200/liter to VND19,600/liter; RON 95 gasoline also increased by VND230/liter, to VND20,070/liter. Diesel oil decreased by VND260/liter to VND18,800/liter, kerosene decreased by VND50/liter to VND18,660/liter; mazut oil increased by VND110/kg to VND15,640/kg.

In the world market, in the trading session on August 12, oil prices continued to decrease as traders were waiting for the US Government's short-term market outlook report, after the Organization of the Petroleum Exporting Countries (OPEC) gave an optimistic assessment of supply and demand, according to Reuters.

Phil Flynn, an expert at Price Futures Group, said the market is waiting for a report from the US Energy Information Administration (EIA) to see if it matches OPEC's assessment.

Previously, in a newly published report, OPEC raised its forecast for global oil demand in 2026 to 1.38 million barrels per day (up 100,000 barrels per day compared to before), keeping the forecast for this year unchanged. The organization also lowered its forecast for supply growth from the US and non-OPEC+ countries, indicating the possibility of a tighter market.

In addition, US President Donald Trump has extended the suspension of tariffs on Chinese goods until November 10, which helps reduce pressure on retailers ahead of the year-end shopping season. This move raises hopes that the US and China will reach an agreement, avoiding an escalation of the trade war - a factor that could slow global growth and reduce oil demand.

Trading Economics data shows that at 0:30 a.m. on August 13, WTI oil price was trading at 63.28 USD/barrel, down 0.9% compared to last week; similarly, Brent oil was also at 66.17 USD/barrel, down 0.62%.

Source: https://dantri.com.vn/kinh-doanh/gia-xang-ngay-148-tang-hay-giam-20250813004957783.htm