Forecasted price reduction of 200-300 VND/liter

Domestic fuel prices are expected to decrease across the board in this afternoon's price adjustment.

Today's world oil prices

World oil prices fell across the board in today's trading session (July 18th, Vietnam time). WTI crude oil was at $81.88 per barrel, up $0.44 per barrel, or 0.54%. WTI crude oil closed the previous trading session at $81.44 per barrel and opened today's session at $81.60 per barrel.

Brent crude oil was trading at $85.41 per barrel, up $0.23 per barrel, or 0.27%. Brent crude closed the previous trading session at $85.18 per barrel and opened today's session at $85.18 per barrel.

According to analysts, recent data has signaled a slowdown in growth in the US, the Eurozone, and China. Central banks are moving closer to a serious interest rate cut.

The Fed raised interest rates aggressively in 2022 and 2023 to curb soaring inflation. Rising borrowing costs for consumers and businesses slowed economic growth and reduced demand for oil. Therefore, lower interest rates in the future could boost oil demand.

Domestic fuel prices today

On July 18th, the retail prices of gasoline and diesel fuel, according to Petrolimex 's published price list in Zone 1 and Zone 2 (applied to 46 provinces and cities), are as follows:

Domestic fuel prices on July 18th, according to the price list published by Petrolimex.

The aforementioned domestic retail fuel prices were adjusted by the Ministry of Finance and the Ministry of Industry and Trade at the price adjustment meeting on the afternoon of July 11th. Accordingly, diesel fuel saw the sharpest decrease, at 342 VND/liter, followed by RON 95-III gasoline, which decreased by 258 VND/liter. E5 RON 92 gasoline decreased less, at 179 VND/liter; kerosene decreased by 178 VND/liter. Mazut increased by 250 VND/kg.

Today's fuel discounts

The discounted prices of petroleum products today, July 18th, at some domestic gas stations are as follows:

PVOil applies the following discounts on July 18th: RON 95-III gasoline: 1,500 VND/liter; RON 95-III gasoline: 1,450 VND/liter; E5 gasoline: 1,400 VND/liter. These discounts apply at PVOil Dinh Vu, Petec An Hai, and Cai Lan depots.

Tu Luc fuel company's discounts on July 18th are as follows: Diesel: 1,450 VND/liter; RON 95 - III gasoline: 1,400 VND/liter; E5 gasoline: 1,350 VND/liter.

MIPEC fuel discounts on July 18th: Gasoline 95: 1,300 VND/liter; E5 gasoline: 1,200 VND/liter; diesel: 1,650 VND/liter.

Forecast of domestic gasoline and diesel prices for the next period.

According to a representative of a petroleum business, domestic fuel prices will fluctuate according to the global fuel situation. It is predicted that fuel prices will continue to decrease in this afternoon's price adjustment. Specifically, gasoline will decrease by 100-200 VND/liter, and diesel by 200-300 VND/liter.

Since the beginning of the year, starting from the price adjustment on January 4th, gasoline prices have increased 16 times and decreased 12 times. Diesel prices have increased 15 times and decreased 13 times.

Source: https://laodong.vn/kinh-doanh/gia-xang-dau-hom-nay-187-du-bao-giam-200-300-donglit-1368052.ldo