Following a sharp increase at the beginning of October, the crude oil market has undergone a correction. However, international prices remain high and highly volatile, making the domestic fuel price adjustment on October 8th highly unpredictable.
World oil prices cooled down today, October 3rd.
According to data updated on October 3, 2026, WTI oil was at $91.26 per barrel, down $1.91 per barrel from $93.17 per barrel on October 2, equivalent to a decrease of approximately 2.05%.
Brent crude fell slightly, from $103 per barrel to $102.72 per barrel, a decrease of $0.28 per barrel, or approximately 0.27%.
| Type of oil | 2/10/2026 | October 3, 2026 | Change | Proportion |
|---|---|---|---|---|
| WTI | $93.17 per barrel | $91.26 per barrel | -1.91 USD | -2.05% |
| Brent | $103.00 per barrel | $102.72 per barrel | -0.28 USD | -0.27% |
The intraday trading range remained very wide. WTI fluctuated between $88.03 and $93.30 per barrel, while Brent ranged from $98.44 to $103.98 per barrel. This indicates that market sentiment remains sensitive to information related to supply and fuel inventory levels.
The downward trend in the most recent trading session was confirmed on the international market, with WTI closing around $91.11 per barrel, down about 1.9%, while Brent was at $102.25 per barrel and virtually unchanged. The agreement by some European countries to release diesel from their reserves, along with plans to bring more crude oil from storage onto the market, has somewhat eased concerns about supply shortages. However, the supply of refined petroleum products is still considered relatively tight.
The WTI price of $91.26/barrel and Brent price of $102.72/barrel in the table are data updated at a specific point in the day, so they may differ slightly from the closing prices of futures contracts on the international market.
Looking at the last few trading sessions, world oil prices have been experiencing significant volatility. Prices rose by more than 4% on October 1st before WTI reversed course and fell in the following session.
Domestic fuel prices today, October 3rd.
In the domestic market, retail gasoline and diesel prices on October 3rd continued to be applied according to the adjusted rates effective from 3 PM on October 1st, 2026.
Petrolimex price list:
Unit: VND/liter
| Product | Region 1 | Region 2 |
|---|---|---|
| E10 RON 95 Gasoline, Level 5 | 28,180 | 28,740 |
| E10 RON 95 Gasoline, Level 3 | 27,180 | 27,720 |
| E5 RON 92 Gasoline, Level 2 | 26,560 | 27,090 |
| DO 0.001S Level 5 | 31,110 | 31,730 |
| DO 0.05S Level 2 | 29,710 | 30,300 |
| 2-K kerosene | 29,770 | 30,360 |
At the price adjustment on October 1st, E5 RON92 gasoline increased by 172 VND/liter, E10 RON95-III gasoline increased by 102 VND/liter, while 0.05S diesel decreased by 780 VND/liter. The maximum selling prices after the adjustment are 26,569 VND/liter for E5 RON92, 27,189 VND/liter for E10 RON95-III, and 29,717 VND/liter for 0.05S diesel.
Petrolimex Region 1 prices are therefore closely following the announced maximum prices, with E5 RON92 Level 2 at 26,560 VND/liter, E10 RON95 Level 3 at 27,180 VND/liter, and diesel 0.05S Level 2 at 29,710 VND/liter.
During the recent price adjustment period, the regulatory agency allocated 200 VND/liter to the Price Stabilization Fund for diesel fuel; no allocation was made for bio-gasoline, and no fund was used for other items.
Forecast for the fuel price adjustment on October 8th.
Under the current mechanism, fuel price adjustments are made every Thursday. Unless there are unforeseen schedule changes, the next adjustment is expected to be on Thursday, October 8, 2026.
The early cycle trends are showing quite mixed signals.
On October 1st, world oil prices surged, with Brent surpassing $100 per barrel. In the following session, WTI fell nearly 2%, while Brent only declined slightly and remained above $102 per barrel. This indicates that upward pressure from international markets has eased but not completely disappeared.
If oil prices, and especially the prices of refined gasoline (RON92, RON95), and diesel, continue to fall in the coming sessions, the pressure to increase domestic retail prices on October 8th could significantly narrow.
Conversely, if Brent crude continues to hover around or above $100 per barrel and refined product prices remain high, domestic prices could face upward pressure again.
As of October 3rd, there is insufficient data to provide a specific increase or decrease. Domestic retail prices are determined based on the average cost of finished products throughout the cycle, along with exchange rates, taxes, costs, and operational strategies, and are not solely dependent on the WTI or Brent prices of a single trading session.
One relatively stable factor is that preferential policies related to import tax, environmental protection tax, and value-added tax on petroleum products have been extended until December 31, 2026.
Based on current data, it can be concluded that upward price pressure in the new period still exists but has eased compared to the time when world oil prices surged at the beginning of the month. The trend in the sessions from the beginning of next week will have a greater significance for the correction on October 8th.
Source: https://baolaocai.vn/gia-xang-dau-hom-nay-310-gia-dau-the-gioi-ha-nhiet-sau-phien-tang-manh-post910990.html
