Gasoline prices September 6, 2025: First week of decline after 3 consecutive weeks of increase
Gasoline prices today, September 6: World oil prices continued to plummet for the third consecutive session on Friday and recorded the first week of price decline after three consecutive weeks of increase.
World oil prices today
On the morning of September 6 (Vietnam time), Brent oil price decreased by 2.27% to 65.47 USD/barrel, while US WTI crude oil also decreased by 2.46% to 61.92 USD/barrel. For the whole week, Brent oil price decreased by 3.02% and WTI oil decreased by 3.48%.
Oil prices are on track for their first weekly decline after three straight weeks of gains, driven by expectations of rising global oil supplies and a surprise rise in US crude inventories that has raised concerns about future demand.
According to Reuters, eight members of the OPEC+ organization are considering the possibility of increasing oil production at a meeting on Sunday. Meanwhile, data from the US showed that the country's crude oil reserves increased by 2.4 million barrels last week, completely contrary to analysts' forecasts of a decrease.
John Evans, an oil broker at PVM, said the market was showing increasing signs that future supply would no longer be a concern.
Expectations are growing that OPEC+ will release more oil to regain market share at the upcoming meeting. If that happens, OPEC+ will soon lift another layer of production cuts of about 1.65 million barrels per day, equivalent to 1.6% of world demand, more than a year earlier than originally planned.
The strength of the refining industry remains a key factor supporting prices, but refining margins are likely to narrow in the coming months as global demand weakens and refineries ramp up maintenance, according to BMI analysts.
Supply risks continue to support the market, however. A White House official said U.S. President Donald Trump has asked European leaders to stop buying oil from Russia. Any disruption to oil supplies from Russia or other sources could send global oil prices higher again.
Domestic oil prices today
The Ministry of Industry and Trade adjusted the prices of petroleum products, effective from 3 p.m. on September 4. Accordingly, most key products increased slightly compared to the previous adjustment period.
Domestic retail prices of gasoline on September 6 are as follows:
- E5 RON 92 gasoline price increased by 80 VND, to 19,851 VND/liter.
- RON 95 gasoline price increased by 76 VND, to 20,439 VND/liter.
- Diesel oil increased the most with an increase of 116 VND, to 18,473 VND/liter.
- Kerosene price remained stable at 18,314 VND/liter.
- Fuel oil price increased by 116 VND to 15,376 VND/kg.
During this period, the Ministry of Industry and Trade - Ministry of Finance decided not to set aside the Price Stabilization Fund for any petroleum products. The decision to adjust prices was made based on world price developments, the VND/USD exchange rate and current regulations.
