Gasoline prices increase tomorrow?

According to the plan, the Ministry of Industry and Trade and the Ministry of Finance will adjust the retail price of gasoline periodically tomorrow (September 18). The leader of a major gasoline distribution enterprise in the South said that after the previous adjustment period, crude oil prices fluctuated in opposite directions.

On September 16, the price of imported gasoline in the Singapore market was at 83.4 USD/barrel for RON 95 gasoline, an increase of nearly 2 USD/barrel compared to 7 days ago; RON 92 gasoline was at 81.14 USD/barrel, also an increase of nearly 2 USD/barrel. It is likely that domestic gasoline prices will increase in the operating period on September 18.

Gasoline prices are expected to increase by about VND200-300 per liter. Meanwhile, diesel prices may increase slightly by VND50-100 per liter or remain unchanged. If the joint ministries use the Price Stabilization Fund, gasoline prices may increase less.

The owner of a petroleum distribution company in the North also predicted that gasoline prices will increase in the operating period tomorrow. On September 17, gasoline discounts at some depots were around VND1,000-1,200/liter.

If forecasts are correct, domestic gasoline prices will rebound after a decline. Since the beginning of the year, RON 95 gasoline has increased 21 times and decreased 17 times. Diesel has increased 19 times, decreased 17 times and remained unchanged once.

In the most recent adjustment on September 11, E5 RON 92 gasoline decreased by VND100/liter to VND19,750/liter; RON 95 gasoline also decreased by VND30/liter to VND20,400/liter. Diesel increased by VND170/liter to VND18,640/liter, kerosene increased by VND50/liter to VND18,360/liter; fuel oil decreased by VND280/kg to VND15,090/kg.

In the world market, in the trading session on September 16, oil prices increased slightly as the market considered the risk of supply disruption from Russia, according to Reuters.

Attacks on Russian oil infrastructure coupled with growing pressure from US President Donald Trump on Russian crude buyers have pushed oil prices higher, said Phil Flynn, an expert at Price Futures Group.

Oil prices were also supported by strong refining demand in China and a drop in US crude inventories. However, weak economic data from China weighed on prices.

Investors are also awaiting the US Federal Reserve's interest rate decision at its meeting on September 16-17. A rate cut could help lower borrowing costs, boosting fuel demand. According to Phil Flynn, the market is anticipating that the Fed could cut interest rates sharply, weakening the US dollar and pushing oil prices up.

Trading Economics data shows that at 1 a.m. on September 17, WTI oil price was trading at 64.72 USD/barrel, up 3.25% compared to last week; similarly, Brent oil was also at 68.6 USD/barrel, up 2.41%.

Source: https://dantri.com.vn/kinh-doanh/gia-xang-ngay-mai-tang-20250917005613947.htm