Gasoline price today September 30, 2024
Recorded on Oilprice at 5:00 a.m. on September 30, 2024 (Vietnam time), WTI oil price was at 68.19 USD/barrel, down 0.01% (equivalent to a decrease of 0.01 USD/barrel).
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| WTI oil price on the world market early morning September 30 (Vietnam time) |
Similarly, Brent oil price was at 71.86 USD/barrel, down 0.17% (equivalent to a decrease of 0.12 USD/barrel).
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| Brent oil price on the world market early morning September 30 (Vietnam time) |
Oil prices continued to decline today as Saudi Arabia, the world's top crude exporter, and OPEC+ said they would increase production.
Two OPEC+ sources said the producer group would continue to increase oil output in December and the impact would be limited if some members plan to make larger cuts to offset the overproduction in September and beyond.
However, oil prices are being limited by China's monetary easing to boost economic growth, the conflict in the Middle East shows no signs of cooling down and even risks increasing; US inventories of gasoline, oil and distillates are falling.
Last week, factors that limited the decline in oil prices included China's monetary easing to boost economic growth; conflicts in the Middle East that showed no signs of cooling down, even threatening to escalate; and a decline in US inventories of gasoline, oil, and distillates.
Data from the US Energy Information Administration showed that US crude inventories fell by 4.5 million barrels in the week ending September 20, more than three times the 1.4 million barrel drop expected by analysts. Meanwhile, US gasoline and distillate inventories also fell by 1.5 million barrels and 2.2 million barrels, respectively.
Also last week, in its annual outlook report, the Organization of the Petroleum Exporting Countries (OPEC) raised its forecast for world oil demand in the medium and long term. OPEC expects world oil demand to reach 118.9 million barrels per day in 2045, about 2.9 million barrels per day higher than it projected in last year's report. The report also forecasts demand in 2050 to reach 120.1 million barrels per day.
Domestic retail gasoline prices on September 30, 2024 will be applied according to the adjustment session from 3:00 p.m. on September 26 by the Ministry of Finance - Ministry of Industry and Trade.
Item | Price (VND/liter/kg) | Difference from previous period |
E5 RON 92 gasoline | 19,629 | +679 |
RON 95 gasoline | 20,518 | +756 |
Diesel | 17,506 | +463 |
Oil | 17,873 | +322 |
Fuel oil | 15,357 | +531 |
Specifically, the price of E5 RON 92 gasoline increased by VND679/liter to VND19,620/liter; RON 95 gasoline increased by VND756/liter to VND20,518/liter.
Diesel 0.05S price: Increased by 463 VND/liter, up to 17,506 VND/liter; Kerosene increased by 322 VND/liter, up to 17,873 VND/liter; Madut 180CST 3.5S increased by 531 VND/kg, up to 15,357 VND/kg.
In this management period, the Ministry of Industry and Trade - Ministry of Finance did not set aside or use the Petroleum Price Stabilization Fund for E5RON92 gasoline, RON95 gasoline, diesel oil, kerosene, and mazut oil.
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| Domestic gasoline prices will be adjusted from 3:00 p.m. on September 26. Illustrative photo |
Since the beginning of 2024, domestic gasoline prices have undergone 38 adjustment sessions, including 19 decreases, 16 increases and 4 opposite sessions.
Source: https://congthuong.vn/gia-xang-dau-hom-nay-ngay-3092024-gia-dau-the-gioi-giam-nhe-349154.html
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