Gasoline and oil prices forecast to continue to decrease in the next operating session
According to current market developments, it is predicted that in the next operating period, gasoline and oil prices may simultaneously decrease.
At 9:08 AM on April 9, 2026, world oil prices simultaneously increased. In which, WTI oil price was at 96.89 USD/barrel, up 2.48 USD/barrel, equivalent to an increase of 2.63%. Brent oil was at 96.80 USD/barrel, up 2.05 USD/barrel, equivalent to an increase of 2.16%.
On Thursday, oil prices rose as investors feared that supply from key production areas in the Middle East could not be fully restored. The reason stems from suspicions that the two-week ceasefire agreement between the US and Iran will be maintained and the important Hormuz Strait remains blocked.
Previously, both benchmark prices fell below $100/barrel in the previous trading session, with WTI recording its strongest drop since April 2020 due to expectations that a ceasefire agreement ending the war between the US and Israel against Iran would reopen the Strait of Hormuz.
According to the Ministry of Industry and Trade, the world gasoline and oil market in this operating period is affected by key factors such as: Military conflict between the US, Israel and Iran continues to take place; US President declares 2-week ceasefire with Iran; Iran will stop attacks if attacks on Iran end, traffic through the Ormuz Strait will be guaranteed safe for 2 weeks under the supervision of Iranian armed forces; military conflict between Russia and Ukraine continues to take place... The above factors have caused world finished gasoline and oil prices to tend to decrease in recent days.
According to a representative of a gasoline and oil business, domestic gasoline and oil prices will fluctuate according to the world gasoline and oil situation. According to current market developments, it is predicted that in the next price adjustment period, retail gasoline and oil prices may decrease. In which, oil prices are forecast to decrease very sharply.
Selling prices of popular consumer gasoline and oil items on the market on April 9, 2026 are as follows:
- E5RON92 gasoline: not higher than 24,737 VND/liter, lower than RON95-III gasoline by 1,799 VND/liter.
- Gasoline RON95-III: not higher than 26,536 VND/liter.
- Diesel oil 0.05S: not higher than 42,841 VND/liter.
- 180CST 3.5S fuel oil: not higher than 24,271 VND/kg.
According to the Ministry of Industry and Trade, Vietnam's gasoline and oil prices are currently at an average level and lower than countries sharing the same border, except for oil prices higher than China and Thailand. Gasoline and oil selling prices of neighboring countries to Vietnam on April 8, 2026:
Regarding gasoline prices: Singapore: 70,328 VND/liter; Thailand: 35,494 VND/liter (Government subsidies); Cambodia: 36,380 VND/liter (Government subsidies); Laos: 50,928 VND/liter; China: 34,827 VND/liter (Government price control); Vietnam: 26,536 VND/liter.
Regarding oil prices: Singapore: 86,985 VND/liter; Thailand: 40,817 VND/liter (Government subsidies); Cambodia: 54,044 VND/liter; Laos: 63,180 VND/liter; China: 31,733 VND/liter (Government price control); Vietnam: 42,841 VND/liter.
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