This afternoon, gasoline prices may increase by nearly 500 VND per liter.

Representatives of many petroleum businesses predict that if the regulatory agency does not use the price stabilization fund, gasoline prices may increase by about VND380 - 430 per liter. Diesel prices may be adjusted up by VND320 - 370 per liter. In case the regulatory agency uses the price stabilization fund, gasoline prices may increase less.

Similarly, the forecast of the Vietnam Petroleum Institute (VPI) also shows that, at the operating period on March 27, the prices of gasoline, kerosene, and diesel may increase by 1.1 - 2.1%.

Specifically, the retail price of E5 RON92 gasoline increased by VND236 (1.2%) to VND19,926/liter, RON95 gasoline may increase by VND231 (1.1%) to VND20,311/liter. Diesel prices may increase by 1.5% to VND18,158/liter, and kerosene may increase by 2.1% to VND18,490/liter.

On the contrary, fuel oil may decrease by 1% to VND16,782/kg.

If the above forecasts are correct, gasoline prices will increase for the second consecutive session.

The gasoline price is being applied according to the price in the operating period on March 20. Accordingly, the price of E5 RON92 gasoline increased by 414 VND/liter, not higher than 19,695 VND/liter. The price of RON95 gasoline increased by 438 VND/liter, not higher than 20,087 VND/liter.

Prices of petroleum products fluctuated in different directions. Of which, diesel oil decreased by 5 VND/liter, not higher than 17,893 VND/liter. Fuel oil price also decreased by 40 VND/kg, not higher than 16,955 VND/kg. Kerosene price increased by 28 VND/liter, not higher than 18,118 VND/liter.

Since the beginning of 2025, domestic gasoline prices have undergone 12 adjustment sessions, including 5 decreases, 4 increases and 3 opposite sessions.

On the world market, at 5:30 this morning, WTI oil price reached 70.14 USD/barrel, up 1.67%, equivalent to an increase of 1.15 USD/barrel. Similarly, Brent oil price reached 74.14 USD/barrel, up 1.55%, equivalent to an increase of 1.13 USD/barrel.

The U.S. Energy Information Administration (EIA) said on Wednesday that U.S. crude, gasoline and distillate inventories fell last week. Crude inventories fell by 3.3 million barrels to 433.6 million barrels, larger than the 956,000-barrel decline analysts had expected in a survey.Reuters.

Last week, Washington also imposed a new round of sanctions on Iran’s oil sales. Experts predict that OPEC+ may be increasing production to help offset a decline of up to 1.5 million barrels per day in Iranian oil exports without upsetting global oil prices.

However, oil prices were held back by news that the US had reached a deal with Ukraine and Russia to halt attacks at sea and on energy targets. Under the deal, Washington agreed to push for the lifting of some sanctions on Moscow.