Forecast to continue falling.

Brent crude oil was trading at $80.21 per barrel, down $0.36 per barrel, or 0.44%. Brent closed the previous trading session at $80.84 per barrel and opened today's session at $51.53 per barrel.

According to Reuters, gasoline and oil inventories in the US fell across the board, with US crude oil declining by 3.4 million barrels last week, three times the 1.1 million barrel drop analysts had predicted in a previous Reuters poll.

Domestic fuel prices today

On August 1st, 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:

The aforementioned domestic retail prices of petroleum products were adjusted by the Ministry of Finance and the Ministry of Industry and Trade at the price adjustment meeting on the afternoon of July 26th. Accordingly, the price of E5 gasoline decreased by 270 VND/liter; RON 95 gasoline decreased by 290 VND/liter; diesel fuel also decreased by 310 VND/liter; and kerosene decreased by 340 VND/liter.

Today's fuel discounts

The discounted prices of petroleum products today, August 1st, at some domestic gas stations are as follows:

Pvoil applies the following discounts on August 1st: Diesel: 1,850 VND/liter; RON 95 - III gasoline: 1,750 VND/liter; E5 gasoline: 1,550 VND/liter. These discounts apply at Pvoil Dinh Vu, Petec An Hai, and Cai Lan depots.

Tu Luc fuel company's discounts on August 1st are as follows: Diesel: 1,800 VND/liter; RON 95 - III gasoline: 1,700 VND/liter; E5 gasoline: 1,500 VND/liter.

MIPEC fuel discounts on August 1st: Gasoline 95-III: 1,500 VND; E5 gasoline: 1,400 VND; diesel: 1,800 VND/liter

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

According to a representative of a petroleum business, domestic gasoline and diesel prices will fluctuate according to the global oil situation. It is predicted that in this afternoon's price adjustment (August 1st), gasoline and diesel prices will continue to decrease. Specifically, gasoline prices may fall 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 14 times. Diesel prices have increased 15 times and decreased 15 times.