Gasoline prices reverse to increase slightly

The Ministry of Finance and the Ministry of Industry and Trade have just adjusted the retail price of gasoline and oil in the adjustment period today (September 19). The application period is from 3:00 p.m. on September 19, 2024.

Specifically, the price of E5 RON 92 gasoline increased by 51 VND/liter, to 18,941 VND/liter; RON 95 gasoline increased by 127 VND/liter, to 19,762 VND/liter.

Diesel 0.05S price: Decreased by 122 VND/liter, up to 17,043 VND/liter; Kerosene decreased by 239 VND/liter, up to 17,551 VND/liter; Madut 180CST 3.5S increased by 359 VND/kg, up to 14,826 VND/kg.

In this management period, the Ministry of Industry and Trade - Ministry of Finance will not set aside or use the Petroleum Price Stabilization Fund for E5RON92 gasoline, RON95 gasoline, diesel oil, kerosene, and fuel oil.

According to the Ministry of Industry and Trade, the world oil market in this operating period (from September 12, 2024 to September 18, 2024) is affected by factors such as: the US Federal Reserve's decision to cut interest rates, storms in the US Gulf of Mexico, China's oil demand remains weak, the military conflict between Russia and Ukraine continues, etc. The above factors have caused world oil prices in recent days to increase and decrease depending on each product.

According to data from Oilprice, at 9:12 a.m. on September 18 (Vietnam time), Brent oil was trading at $73.43 per barrel, down 0.37% from the previous session. WTI oil was at $70.93 per barrel, also down 0.37% from the previous session.

Today's gasoline prices, from 3:00 p.m. on September 19, each liter of E5 RON 92 gasoline increased by 51 VND, RON 95 gasoline increased by 127 VND; oil prices increased and decreased in opposite directions.

In the world market, oil prices last week recorded the first weekly increase after 3 weeks of decline. Overall, last week, Brent oil prices increased by about 0.8%, WTI oil prices increased by about 1.4%.

Oil prices continued to rise in the first two trading sessions of the week. After rising 2% in the first trading session of the week (September 16), world oil prices continued to increase by more than 1% in the session of September 17 due to increasing supply disruptions and traders betting that demand will increase if the US Federal Reserve (Fed) cuts interest rates.

However, at the beginning of the trading session on September 18, world oil prices decreased slightly after data showed that US gasoline and oil inventories increased.

In the most recent gasoline price adjustment period (September 12), the prices of gasoline and oil were adjusted by the Ministry of Industry and Trade - Ministry of Finance in a sharp downward direction.

Specifically, the price of E5 gasoline decreased by VND1,080/liter, selling price is VND18,890/liter. The price of RON 95 gasoline decreased by VND1,190/liter, selling price is VND19,630/liter.

Similarly, diesel price was also adjusted down by VND930/liter, selling price is VND17,160/liter. Kerosene price also decreased by VND930/liter, selling price is VND17,790/liter.

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.

Source: https://congthuong.vn/gia-xang-dau-hom-nay-ngay-1992024-gia-xang-dao-chieu-tang-nhe-346939.html