Gasoline price today December 9, 2024: World oil prices last week continued to decrease, while domestic gasoline prices are forecast to decrease next period.
Gasoline price today December 9, 2024
Recorded on Oilprice at 4:30 a.m. on December 9, 2024 (Vietnam time), WTI oil price was at 67.17 USD/barrel, down 1.61% (equivalent to a decrease of 1.10 USD/barrel).
 |
| WTI oil price on the world market in the early morning of December 9, 2024 (Vietnam time) |
Similarly, Brent oil price was at 71.05 USD/barrel, down 1.35% (equivalent to a decrease of 0.97 USD/barrel).
 |
| Brent oil price on the world market early morning of December 9, 2024 (Vietnam time) |
Last week, world oil prices fell for two consecutive weeks after a sharp increase the previous week. According to Reuters, oil prices fell sharply when the forecast of a supply surplus in 2025 continued to be made, despite the decision of the Organization of the Petroleum Exporting Countries and its allies (OPEC +) to postpone the plan to increase supply until April 2025 and extend the production cut period until the end of 2026.
Oil prices are also being weighed down by signs of weak demand in China and rising geopolitical risks in the Middle East, Reuters reported.
Also weighing on oil prices was the US oil rig count, which rose by five to 482, the highest since mid-October, while the gas rig count rose to 102, the highest since early November.
Despite the continuous decline in global oil prices, the oil market still faces many unpredictable fluctuations. Factors such as weak demand, rising production in the US, and OPEC+'s plan to cut production will continue to strongly affect prices.
In Vietnam, gasoline prices are adjusted in line with global developments, creating conditions for stabilizing fuel costs for production and consumption. However, the constant fluctuations in international oil prices require domestic businesses and consumers to be proactive in managing costs and forecasting risks.
Domestic retail gasoline prices on December 9, 2024 will be applied according to the adjustment session from 3:00 p.m. on December 5 by the Ministry of Finance - Ministry of Industry and Trade.
Item | Price (VND/liter/kg) | Difference from previous period |
E5 RON 92 gasoline | 19,864 | +24 |
RON 95 gasoline | 20,563 | -294 |
Diesel | 18,382 | -395 |
Oil | 18,817 | -325 |
Fuel oil | 16,125 | - |
Specifically, the price of E5 RON 92 gasoline increased by VND24/liter, to VND19,864/liter; RON 95 gasoline decreased by VND294/liter, to VND20,563/liter.
The price of 0.05S diesel oil decreased by 395 VND/liter, down to 18,382 VND/liter. Kerosene oil decreased by 325 VND/liter, down to 18,817 VND/liter. The price of 180CST 3.5S fuel oil remained unchanged at 16,125 VND/kg.
 |
| Gasoline prices today December 9, 2024. Photo by Dinh Tuan |
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.
Thus, from the beginning of 2024 to now, domestic gasoline prices have undergone 48 adjustment sessions, including 23 decrease sessions, 19 increase sessions and 7 opposite sessions.
Source: https://congthuong.vn/gia-xang-dau-hom-nay-09122024-giam-den-bao-gio-363220.html
Comment (0)