Gasoline prices are likely to fall for the 4th time in a row

TTO – Talking to Tuoi Tre on September 28, petroleum importers said that the market for crude oil and finished petroleum products both decreased.

Specifically, Brent oil reached 85 USD/barrel, WTI oil traded at 77 USD/barrel on September 28, this is a sharp decrease, equivalent to the price in January 2022.

Meanwhile, the price of RON95-III gasoline traded in Singapore on September 27 was at 90 USD/barrel and the DO oil price was at 87 USD/barrel, equivalent to the petrol price at the end of 2021.

The price of finished petroleum products has decreased, leading to the average price in Singapore market being lower than the domestic retail price at 1,100 VND/liter for RON95-III gasoline, about 900 VND/liter for E5 RON92 gasoline and about 300 VND/liter. /liter for DO oil.

According to the leader of petroleum wholesalers, gasoline prices are still in a downtrend, with the decrease of September 27 compared to the previous day up to 1,600 VND/liter of RON95-III gasoline and 1,000 VND/liter for oil. DO.

Therefore, if crude oil continues to plunge or slow down as it is now, retail gasoline prices in the country will drop sharply in the operating period on October 1st (or October 3rd because it coincides with a holiday).

Compared to the time when gasoline peaked on June 21, gasoline prices had 9 periods of adjustment to decrease or not increase with a decrease of more than 30%.