On September 4, 2026, at 6:30 PM, global oil prices saw a significant decrease. The price of West Texas Intermediate (WTI) crude oil dropped to $90.62 per barrel, down by $0.68, or 0.74%. Meanwhile, Brent crude oil fell to $95.06 per barrel, a decline of $0.46, or 0.48%.

In the short term, fuel prices in Vietnam are likely to remain under pressure due to geopolitical risks in the Middle East, particularly around the Strait of Hormuz, which threatens supply chains. However, any potential increase in prices may be mitigated if tensions in the region subside, oil flows through Hormuz stabilize, or if there are positive developments in peace negotiations between Russia and Ukraine.

The Ministry of Industry and Trade reported that the current fluctuations in global fuel prices are influenced by several factors, including ongoing military conflicts between the U.S. and Iran, potential interest rate hikes by the U.S. Federal Reserve to curb inflation, and the continued military conflict between Russia and Ukraine, which focuses on energy facilities and refineries.

As of September 4, the retail prices for common fuel products in Vietnam are set as follows:

• E5 RON92 gasoline: not exceeding 22,486 VND/liter (an increase of 723 VND/liter compared to the current maximum selling price), 788 VND/liter lower than E10 RON95-III.
• E10 RON95-III gasoline: not exceeding 23,274 VND/liter (an increase of 672 VND/liter compared to the current maximum selling price).
• Diesel oil 0.05S: not exceeding 27,743 VND/liter (a decrease of 341 VND/liter compared to the current maximum selling price).
• 180CST 3.5S mazut oil: not exceeding 17,641 VND/kg (a decrease of 499 VND/kg compared to the current maximum selling price).

Comparatively, fuel prices in neighboring countries as of September 3, 2026, are as follows:

• Thailand: gasoline at 29,533 VND/liter (government subsidized); Cambodia: 28,337 VND/liter (government subsidized); Laos: 45,804 VND/liter; China: 32,879 VND/liter (government controlled); Vietnam: 23,274 VND/liter.
• Thailand: diesel at 30,081 VND/liter (government subsidized); Cambodia: 33,218 VND/liter; Laos: 38,208 VND/liter; China: 29,824 VND/liter (government controlled); Vietnam: 27,743 VND/liter.

Currently, Vietnam's fuel prices are relatively low compared to those of neighboring countries.