Coffee prices today in the domestic market decreased slightly compared to the previous day. According to giacaphe. com, coffee prices on August 4th averaged 96,500 VND/kg, down 100 VND/kg. The highest price in key Central Highlands regions was recorded at 96,500 VND/kg.
In Lam Dong, coffee prices today reached 96,000 VND/kg, unchanged from the previous day. This is the lowest level in the regions.
In Gia Lai and Dak Lak, coffee prices were also recorded at 96,500 VND/kg, unchanged compared to the previous day.
The old Dak Nong area recorded a level of 96,500 VND/kg, down 200 VND/kg compared to the previous session. This is one of the regions with high prices in the survey table.
World coffee prices
In the world market, coffee prices fluctuated in opposite directions in the most recent session.
According to Barchart, the September 2026 Arabica futures contract closed down 12.60 US cents/lb, equivalent to 3.79%, to 319.50 US cents/lb.
Conversely, the September 2026 Robusta futures contract increased by 4 USD/ton, equivalent to 0.11%, to 3,786 USD/ton. The increase range is very narrow, showing that Robusta was almost sideways in the session.
This development shows that downward pressure is concentrated in Arabica, while Robusta still maintains a slight green color. For the Vietnamese market, the 0.11% increase in Robusta is not enough to create a clear pull for domestic purchasing prices.
Coffee price assessment
Domestic coffee prices slightly decreased in the context of the world market disagreement. Arabica fell sharply, while Robusta only slightly increased, causing the domestic price level to have no clear recovery momentum.
Arabica is under pressure as drier weather in Brazilian coffee growing areas may help increase harvest progress.
In the opposite direction, Brazil’s slower harvest progress than the same period is still a price support factor. According to information from Barchart, harvests of Cooxupe cooperative members reached 58.3% as of July 24, lower than 67% in the same period last year; Safras & Mercado also recorded Brazil’s harvest reaching 64% as of July 15, lower than 77% in the same period and the 5-year average of 70%.
Regarding domestic weather, the National Center for Hydro-Meteorological Forecasting said that on the day and night of August 4, the Central Highlands area will have showers and thunderstorms in some places; especially in the late afternoon and evening, there will be showers and scattered thunderstorms. Lowest temperature 20-23 degrees C, highest 28-31 degrees C, in some places above 31 degrees C.
This season’s thunderstorms need to be monitored in terms of garden care, pest and disease prevention, and goods preservation.
In the coming sessions, the diễn biến of Robusta London, USD/VND exchange rate, inventory and demand for export purchases will continue to dominate domestic coffee prices.
Delta Air Lines, Inc. (DAL) edged lower in recent intraday trading after the stock once again held below the current resistance level at $89.60. This pullback appears to be allowing the stock to rebuild positive momentum that could support a breakout above that resistance. At the same time, the stock is working off part of its overbought conditions on the momentum indicators, although fresh bearish signals have started to emerge. Despite this, the broader technical outlook remains constructive, with the stock continuing to trade above its 50-day Simple Moving Average (SMA), which is acting as dynamic support and reinforcing the primary short-term uptrend. Price action also continues to follow an ascending trendline that supports the prevailing bullish trend.
Therefore, our outlook remains bullish for the stock’s upcoming trading sessions, particularly if it breaks above the key resistance level at $89.60. Under this scenario, the stock is expected to target the next major resistance level at $95.50.
Silver price (XAG/USD) rises after registering modest gains in the previous day, trading around $58.20 per troy ounce during the Asian hours on Monday. Silver prices climb as market sentiment shifted following statements from US President Donald Trump, who announced that peace talks with Iran are set to resume on Monday. The prospect of diplomacy helped send oil prices lower, offering relief to investors concerned about rising inflation and the broader outlook for interest rates.
President Trump noted that key Middle Eastern allies, including Saudi Arabia, had urged him to halt planned military strikes in favor of a diplomatic solution, while he reiterated his call for the immediate reopening of the Strait of Hormuz.
Beyond geopolitical developments, investors are turning their attention to a busy week of US labor market data, anchored by Friday’s closely watched monthly jobs report. This economic focus comes on the heels of the Federal Reserve’s recent decision to hold interest rates steady.
However, that decision was not unanimous; three Fed officials dissented, cautioning that delaying action could force the central bank into more aggressive policy tightening down the road. In response to these mixed signals, financial markets are currently pricing in roughly a 68% chance of a 25 basis point rate hike at the Fed’s upcoming September meeting.
According to analysts at Commerzbank, the outlook for the other bullion, gold, remains constrained by the policy path in the US. They argue that “the persistent expectation of Fed interest rate rises should counteract any rise in the gold price,” with ongoing tightening expectations limiting the scope for a sustained move higher even after the recent post-meeting spike.
Silver FAQs
Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.
Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold’s. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.
Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.
Silver prices tend to follow Gold’s moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.
Coffee prices today in the domestic market decreased slightly compared to the previous session. According to giacaphe. com, coffee prices on August 3rd averaged 96,600 VND/kg, down 200 VND/kg. The highest price in key Central Highlands regions was recorded at 96,700 VND/kg.
In Lam Dong, coffee prices today reached 96,000 VND/kg, down 200 VND/kg compared to the previous session. This is the region with the lowest price in the detailed update table.
In Gia Lai, coffee prices were recorded at 96,500 VND/kg, down 200 VND/kg compared to the previous day.
The old Dak Nong area recorded a level of 96,700 VND/kg, belonging to the highest group among the surveyed areas.
After the rebound in early August, domestic coffee prices have turned down slightly. The decrease of 200 VND/kg is not large, but it shows that the domestic market still does not have a clear breakthrough to return to the area close to 99,000 VND/kg as at the end of July.
World coffee prices
In the world market, coffee prices increased in the most recent trading session, but Robusta’s increase range is very narrow.
According to Barchart, the September 2026 Arabica futures contract closed up 9.05 US cents/lb, equivalent to 2.80%. This is a much stronger increase than Robusta.
In the same session, the September 2026 Robusta futures contract increased by 2 USD/ton, equivalent to 0.05%, to 3.782 USD/ton. This increase shows that Robusta is almost sideways, although still maintaining green color.
Coffee price assessment
Domestic coffee prices slightly decreased even though the world market just had an increase session. The deviation is in Robusta: Arabica increased sharply, but Robusta London only increased by 0.05%, not enough to create a clear pulling force for domestic purchase prices.
Arabica increased due to short-term supply constraints, in the context of Arabica stocks certified on ICE continuously decreasing for about 4.5 months and falling to a 2.5-year low.
Meanwhile, heavy rain was recorded in the Minas Gerais region of Brazil and slower harvest progress than the same period were factors supporting coffee prices in the recent session. However, this factor is more clearly reflected in Arabica, while Robusta fluctuates narrowly.
Regarding domestic weather, the National Center for Hydro-Meteorological Forecasting said that on the day and night of August 3rd, the Central Highlands area will have showers and thunderstorms in some places; especially in the late afternoon and evening, there will be scattered showers and thunderstorms in some places. The lowest temperature is 20-23 degrees Celsius, the highest is 28-31 degrees Celsius, in some places above 31 degrees Celsius. This season’s thunderstorms need to be monitored in the garden care, pest and disease prevention and goods preservation stages.
In the coming sessions, the diễn biến of Robusta London, USD/VND exchange rate, inventory and demand for export purchases will continue to dominate the domestic price level.
TradingKey – As of the Asian session on August 3, WTI crude oil ( USOIL) prices fell sharply, breaking below the $80 mark during intraday trading, with an intraday decline of over 9%, while Brent crude ( UKOIL) also plunged by over 8%. Last week, the crude oil market was supported by the risk of Middle East crude oil supply disruptions, but last Saturday Trump said he would suspend a new round of military strikes on Iran. Coupled with OPEC+ announcing a continuation of production increases, crude oil prices opened under pressure this week and fell back.
The direct cause of today’s decline in WTI crude oil was US President Donald Trump signaling a fresh de-escalation in the US-Iran situation. Trump stated that after Iran and some Middle Eastern countries requested more time to reach an agreement, the US decided to temporarily hold off on launching new military strikes against Iran and plans to push for negotiations to achieve a full restoration of navigation in the Strait of Hormuz, while also resolving the Iranian nuclear issue. Trump also noted that US-Iran talks would begin on Monday, but did not announce the location of the talks, the participants, or a clear deadline for reaching an agreement.
This statement significantly eased market concerns over a further escalation of the conflict. Previously, the conflict between the US and Iran had repeatedly escalated, with multiple oil tankers attacked near Oman and the Strait of Hormuz, prompting some shipping companies to reduce entry into the Persian Gulf, which led to cumulative gains of over 20% for both WTI and Brent crude in July. Now that the US has put military action on hold, the market has begun betting that shipping conditions in the strait could improve, driving oil prices to quickly give back some of their war risk premium.
The latest statement from the Iranian side also signaled some willingness to negotiate. Iran’s Ministry of Foreign Affairs stated that Iran is close to reaching an agreement with Oman on a new shipping route for the Strait of Hormuz, which will take into account the sovereignty, security, and navigation needs of both sides. However, Iran also emphasized that this does not mean the strait will return to the fully open state it was in before the conflict broke out.
In addition, OPEC+’s latest decision to increase production has also added downward pressure on oil prices. Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman have decided to raise their crude oil production targets by 188,000 barrels per day starting in September. This means OPEC+ is further unwinding the voluntary production cuts implemented in 2023 and signaling increased supply to the market.
Looking at the daily chart of WTI crude oil, oil prices gap-opened sharply lower today and broke below the key $80 psychological level, indicating that the previous upward trend driven by geopolitical risks has clearly cooled down. As $80 is an important psychological support for the market, breaking below it now may turn it into short-term resistance, and market sentiment has temporarily shifted from bull-dominated to bear-dominated.
On the downside, the primary support for WTI crude oil is in the $79-$78 range. If oil prices can find support in this area, a short-term technical rebound may occur to retest the $80 level. If $78 is decisively broken, oil prices may head further down to test $76.
On the upside, $80 to $81 has become the first line of resistance. If there is a lack of progress in US-Iran negotiations, or if another tanker attack occurs in the Strait of Hormuz, WTI may reclaim $81 and rebound toward the $83-$85 range.
This content was translated using AI and reviewed for clarity. It is for informational purposes only.
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Quick overview
Gold (XAU/USD) is trading near $4,064 as traders await key U.S. economic data, including the ISM Manufacturing PMI and Non-Farm Payrolls.
The upcoming economic reports are expected to influence Federal Reserve expectations, Treasury yields, and the U.S. dollar, impacting Gold prices.
Despite recent consolidation, the long-term outlook for Gold remains positive, supported by strong central bank buying and limited supply growth.
A break above the resistance level of $4,112 could signal a bullish trend for Gold, with targets set at $4,148 and $4,187.
Gold (XAU/USD) is trading close to $4,064 ahead of the U.S. ISM Manufacturing PMI, the first significant economic data of the week. Focus will also be on the Non-Farm Payrolls on Friday, which are poised to alter the case for the Federal Reserve, the Treasury yields and the U.S. dollar. According to Reuters, the labor-market data are anticipated to be the key data for the week as traders are focusing on the data after central bank communications last week. (Link Reuters article)
The week for Gold starts with prices consolidating as traders are ready for various impactful U.S. economic releases. While central bank purchasing continues to add support in the long-term; for the Gold price, the fixture in the short term is if the data will be supportive or detrimental to the Fed expectations.
Gold’s Critical Week: ISM PMI
The ISM Manufacturing PMI that will be released today is the first major data point of the week with the potential to impact Gold prices. This manufacturing survey will be the first of many, with job openings JOLTS, ADP, ISM Services PMI, initial jobless claims, and the Non-Farm Payrolls on Friday.
A PMI result that shows Gold in a more positive light would be a negative result for PMI, which would signal a negative result for Treasury yields and a stronger dollar. Stronger PMI data would most likely lead to a stronger dollar and lower demand for Gold.
Reuters has reported that the Gold market is reacting to U.S. macro data, especially after the Fed’s decision to keep rates on hold.
Gold Market’s Positive Long-term Outlook Despite Recent Consolidation
As per the Gold Demand Trends Report Q2 2026, published by the World Gold Council, total gold demand was 1,269 tonnes for the quarter. Total first-half demand was 2,522 tonnes, and first-half demand was estimated at a record high of $380 billion.
Buying by the official sector was the strongest market pillar. Central banks bought 289 tonnes, up 62% year on year. Poland bought 51 tonnes, and China purchased 33 tonnes.
As Western ETF flows are sensitive to interest-rate expectations, the World Gold Council also expects that investment demand, especially through the OTC markets and in Asia, will be the more significant demand driver in the second half of 2026.
Supply Growth Remains Limited
Supply conditions in the market continue to be supportive. For the second quarter, mine production rose by just under 2%, reaching 966 tonnes. In contrast, an observed reduction in selling, due to a consolidation in prices, saw a 6% decline in recycling.
Due to the extended development times of new mining projects, the World Gold Council projects only limited supply growth for the rest of the year.
While there are periodic changes in investment demand, supply for gold remains relatively tight and provides structural underpinning for the metal.
Gold Bullish Breakout Target: $4,112
Since the previous report, Gold has established another higher low and has left bullish signs. Gold is still holding above $4,061, the 50-day MA, and buyers are holding above the $4,057 support. The upper boundary of the triangle is $4,112 and sellers are present at this resistance.
GOLD Price Chart – Source: Tradingview
Currently we see a neutral RSI at 51. Typically this indicates price consolidation. A break above $4,112 will bring new targets, as the next resistance would be $4,148, followed by $4,187. If the buyers do not hold the $4,057 support, the $4,022, $4,996 and $4,968 support zones will be the new targets. Resistance levels are currently at $4,112, $4,148, and $4,187; while support is at $4,057, $4,022, $3,996, and $3,968.
Buy Setup
A break and hold above $4,112 will create a buy signal. A target of $4,148 and a second target of $4,187 will be set, while placing a stop loss for this trade below $4,057. The outlook for Gold is cautiously bullish until it breaks below $4,057; however, a break above $4,112 is required to validate this bullish leg.
FAQs
Why is Gold consolidating currently?
Gold is in consolidation until the ISM Manufacturing PMI today and the Non-Farm Payrolls on Friday. These upcoming reports will likely affect the Fed and the US Dollar, all of which affect the price of Gold.
Why are central banks buying more Gold?
As a hedge against inflation, central banks are still diversifying their reserves. The World Gold Council noted 289 tonnes were purchased in Q2 2026. (Attach WGC report here)
What are the most important levels for Gold?
Target resistance is $4,112, $4,148, and $4,187. Supports are $4,057, $4,022, and $3,996.
Arslan Ali Butt
Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)
Arslan Ali Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.
His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.
His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
Platinum price formed a bullish wave during yesterday’s trading, targeting the $1,670.00 level, while maintaining its negative stability below the additional resistance barrier at $1,690.00. This confirms the price’s adherence to the bearish corrective scenario. Therefore, we emphasize the importance of gathering negative momentum during the current trading sessions, which would facilitate the move toward the initial corrective targets at $1,550.00 and $1,515.00, respectively.
However, if the price comes under renewed positive pressure and breaks above the $1,690.00 level, it would force the bearish attack to be postponed, giving the price an opportunity to achieve further intraday gains by moving toward $1,730.00, followed by the key resistance barrier near $1,790.00.
The expected trading range for today is between $1550.00 and $1680.00
In the past week, world gasoline and oil prices turned down. WTI crude oil from 85.15 USD/barrel at the end of last week fell to 84.67 USD/barrel at the end of this week. Overall last week, WTI oil prices decreased by 0.48 USD/barrel, equivalent to a decrease of 0.56% compared to the end of last week.
Brent oil fell from 96.78 USD/barrel at the end of last week to 90.12 USD/barrel at the end of this week. Over the past week, Brent oil prices fell 6.66 USD/barrel, equivalent to a decrease of about 6.88% compared to the end of last week.
World oil prices this week fluctuated sharply amid new developments related to tensions in the Middle East. In the first sessions of the week, oil prices fell sharply to their lowest level in more than a week after the US temporarily suspended airstrikes against Iran, raising expectations for a diplomatic solution that could help resume oil transportation across the Strait of Hormuz soon.
However, the decline is not long-lasting as risks to supply are still present. The flow of ships through the Strait of Hormuz continues to be low, while Houthi attacks in the Red Sea still disrupt maritime operations.
In addition, the risk of unsafety in the Bab el-Mandeb Strait – a strategic transport route connecting the Red Sea with the Gulf of Aden – continues to increase, threatening Saudi Arabia’s oil exports and international trade flows.
Oil prices also received support from information that OPEC+ is likely to temporarily suspend its production increase plan for three months, starting from October 2026, after completing the roadmap to restore previously voluntarily cut production.
Domestic gasoline prices today
On August 2nd, retail gasoline and oil prices according to the price list announced by Petrolimex in region 1 and region 2 are as follows:
Domestic retail gasoline and oil prices on August 2, 2026, according to the price list announced by Petrolimex.
The above domestic retail gasoline and oil prices are adjusted by Petrolimex according to the inter-ministry of Industry and Trade – Finance’s management period from 3:00 PM on July 30th.
Gasoline and oil discount today
– Tu Luc Petroleum Joint Stock Company 1:
+ Diesel oil 0.05S – II: 50 VND/liter;
+ E10 RON 95-III gasoline: 200 VND/liter
– MIPEC Petroleum Trading and Trading Co., Ltd. – MIPEC Petro (applied to the Northern region):
+ E10 gasoline: 100 VND/liter.
+ Diesel oil 0.05S-II: 100 VND/liter.
Domestic gasoline and oil price forecast for the next period
According to a representative of a gasoline and oil business, it is predicted that in the next price adjustment period, retail gasoline and oil prices may increase slightly.
In which:
– E10 gasoline increases by about 0-50 VND/liter
– E5 RON 92 – II gasoline increased by about 100 VND/liter;
– Diesel oil increased by about 300 VND/liter.
Today’s gasoline and oil prices are for reference only and may change according to market developments.
Refer to more articles about gasoline and oil prices HERE.
Coffee prices today in the domestic market continue to linger around the 97,000 VND/kg range. According to the latest updated table of giacaphe. com, the average coffee price is at 96,800 VND/kg, an increase of 200 VND/kg compared to the previous session; the highest level in key regions of the Central Highlands is 97,000 VND/kg.
In Lam Dong, coffee prices were recorded at 96,200 VND/kg, an increase of 200 VND/kg compared to the previous session. This is the lowest level among regions with detailed price lists.
In Gia Lai, coffee prices reached 96,700 VND/kg, an increase of 200 VND/kg.
The old Dak Nong area recorded a level of 97,000 VND/kg, an increase of 200 VND/kg. This is the region with the highest price in the survey table.
In Dak Lak, coffee prices are recorded by many market summary tables at around 96,700 VND/kg, in the high price group in the Central Highlands. In general, domestic coffee prices are fluctuating in the range of 96,200-97,000 VND/kg.
World coffee prices
In the world market, coffee prices increased in the last session of the week, but the increase was more concentrated in Arabica.
According to Barchart, the September 2026 Arabica futures contract closed up 9.05 US cents/lb, equivalent to 2.80%. Arabica prices were supported by the diễn biến of standard inventory on ICE falling to a low of about 2.5 years.
Meanwhile, Robusta London futures for September 2026 only increased by 2 USD/ton, equivalent to 0.05%, to 3,782 USD/ton. The very narrow increase range shows that the pulling force from Robusta is not strong.
Coffee price assessment
Domestic coffee prices are holding around 97,000 VND/kg after a slight recovery. The increase of 200 VND/kg in the latest updated table helps prices increase slightly compared to the previous session, but has not brought the level back to the area close to 99,000 VND/kg like the period at the end of July.
In the world, Arabica increased more strongly than Robusta. Arabica inventory certified on ICE has continuously decreased for about 4.5 months and down to a 2.5-year low. This is a factor that supports Arabica more clearly in the last session of the week.
For the Vietnamese market, Robusta is still a variable that needs to be closely monitored. When London Robusta only increases very slightly, domestic prices may continue to remain high but are difficult to rebound strongly if there is no additional buying force from export businesses or new fluctuations from the London exchange.
Regarding the weather, according to the National Center for Hydro-Meteorological Forecasting, on the day and night of August 2nd, the Central Highlands area will have showers and thunderstorms in some places; especially in the late afternoon and evening, there will be scattered showers and thunderstorms in some places. The lowest temperature is 20-23 degrees Celsius, the highest is 28-31 degrees Celsius. In thunderstorms, there is a possibility of tornadoes, lightning and strong gusts of wind.
This season’s thunderstorms need to be monitored in terms of garden care, pest and disease prevention, and goods preservation.
In the coming sessions, the diễn biến of Robusta London, Arabica New York, the USD/VND exchange rate and the demand for export purchases will continue to dominate domestic coffee prices.
Fuel prices today, July 31st: World oil prices fall, domestic gasoline prices rise.
Today, July 31, 2026, fuel prices show both WTI and Brent crude oil prices decreasing; domestically, diesel prices in Region 2 continue to remain above 30,000 VND/liter.
Illustration.
World oil prices rose again today, August 1, 2026.
The global crude oil market saw an upward trend on August 1, 2026, with WTI oil rising more sharply than Brent oil.
WTI crude oil prices were updated to $86.80 per barrel. Compared to $84.03 per barrel on July 31st, this type of oil increased by $2.77 per barrel, equivalent to approximately 3.30%.
During the day, WTI oil fluctuated between $81.21 and $86.87 per barrel. The current price is only $0.07 per barrel lower than the day’s high, indicating a fairly clear recovery at the time of this update.
Brent crude oil reached $87.93 per barrel, up $0.92 per barrel from $87.01 per barrel on July 31. This represents an increase of approximately 1.06%.
Brent crude oil traded within a fairly wide range, from $84.62 to $91.36 per barrel. The current price is significantly lower than the day’s high but still higher than the previous day’s level.
Comparison table of world oil prices from July 31 to August 1, 2026
Type of oil
July 31st
August 1st
Change
Proportion
WTI oil
$84.03 per barrel
$86.80 per barrel
An increase of $2.77
An increase of 3.30%
Brent crude oil
$87.01 per barrel
$87.93 per barrel
An increase of $0.92
An increase of 1.06%
Oil price range on August 1, 2026
Type of oil
Lowest
Highest
Amplitude difference
WTI oil
$81.21 per barrel
$86.87 per barrel
$5.66
Brent crude oil
$84.62 per barrel
$91.36 per barrel
$6.74
The gap between Brent and WTI crude oil prices at the time of this update has narrowed to just $1.13 per barrel, a significant reduction from the $2.98 per barrel mark on July 31st. This reflects the fact that WTI crude oil is rising faster than Brent crude oil.
Despite the upward trend, the wide trading range indicates that the crude oil market remains highly volatile. The price on August 1st is data at the time of update and is not necessarily the official closing price of the session.
Note the increase in WTI oil prices.
The source data table shows WTI oil prices rising by $3.21, or 3.84%. However, compared directly to the $84.03/barrel price on July 31st used in the previous report, the day-to-day increase is $2.77, or 3.30%.
The discrepancies may arise from the data platform using a different reference price, closing date, or contract term. This article uses a direct comparison between the prices on July 31st and August 1st to ensure consistency.
Domestic fuel prices today, August 1, 2026
In the domestic market, retail gasoline and diesel prices at Petrolimex’s system on August 1st remained unchanged according to the price list effective from 3 PM on July 30th, 2026.
Petrolimex confirms that the prices announced on July 30th will be applied from 3 PM on the same day until the next price adjustment period, at the company’s distribution system nationwide.
Among gasoline products, E5 RON 92-II has the lowest price, at 22,380 VND/liter in Zone 1 and 22,820 VND/liter in Zone 2.
E10 RON 95-III gasoline is sold at 22,850 VND/liter in Zone 1 and 23,300 VND/liter in Zone 2. E10 RON 95-V gasoline has the highest price in the group, ranging from 24,250–24,730 VND/liter.
For the oil group, DO 0.001SV diesel has the highest price in the table. This product is sold at 29,720 VND/liter in Region 1 and 30,310 VND/liter in Region 2.
Diesel fuel DO 0.05S-II is priced at 27,620–28,170 VND/liter, while kerosene 2-K is listed at 27,400–27,940 VND/liter.
Prices in Zone 2 are 440–590 VND/liter higher than in Zone 1. Petrolimex applies the Zone 2 price framework in areas far from ports, main depots, or petroleum production facilities; the actual selling price must not exceed the announced Zone 2 price.
Domestic prices are currently high following the increase on July 30th.
Compared to the price adjustment on July 23rd, the prices of all types of gasoline at Petrolimex have increased by 1,420–1,530 VND/liter.
The two types of diesel fuel saw sharper increases, rising by 1,860 VND/liter in Zone 1 and 1,900 VND/liter in Zone 2. Kerosene increased by 750–760 VND/liter.
The increase compared to the period of July 23rd.
Product
Increase in Zone 1
Increase in Region 2
E10 RON 95-V gasoline
1,420 VND/liter
1,450 VND/liter
E10 RON 95-III gasoline
1,420 VND/liter
1,450 VND/liter
E5 RON 92-II gasoline
1,500 VND/liter
1,530 VND/liter
DO 0.001SV
1,860 VND/liter
1,900 VND/liter
DO 0.05S-II
1,860 VND/liter
1,900 VND/liter
2-K kerosene
750 VND/liter
760 VND/liter
Notably, DO 0.001SV diesel fuel in Region 2 currently exceeds 30,000 VND/liter. This is also the product with the highest selling price and absolute increase in Petrolimex’s price list.
Forecast for the next fuel price adjustment period.
According to the usual price adjustment schedule, fuel prices are announced every Thursday. Following the July 30th adjustment, the next one is expected to take place on Thursday, August 6th, 2026.
If the same timeframe as the most recent period continues to apply, the new price could take effect from 3 PM on August 6th. The official timing and amount of the adjustment still need to be announced by the regulatory authority and the leading businesses.
The more than 3% increase in WTI oil and the continued rise in Brent oil on the first day of August could put further pressure on domestic gasoline prices if this trend continues.
However, it is not possible to conclude from a single day’s developments that retail prices will continue to rise in the next period. The base price is calculated based on the average price of petroleum products in the world market between two price adjustment periods, along with exchange rates, taxes, fees, and other constituent costs.
WTI and Brent crude oil prices primarily serve as trend indicators. Domestic prices for E5 RON 92 and E10 RON 95 gasoline, diesel fuel, and kerosene also depend on the specific developments of each refined product in the international market.
Notable scenarios ahead of August 6th
If global oil and refined product prices continue to rise in the coming sessions, domestic retail prices could face further upward pressure.
Conversely, if the current upward trend is short-lived and international prices quickly cool down, the adjustment may be narrowed or some items may remain unchanged.
Following the sharp increase on July 30th, the likelihood of a correction in the next cycle needs to be assessed across the entire cycle, rather than based on a single oil price at a single point in time.
