Gasoline price today 03/13/2025, gasoline price today, gasoline price, update latest gasoline price, a95 gasoline price, world oil price, gasoline price forecast.
Businesses predict that domestic gasoline prices today may continue to decrease by 660 - 740 VND/liter. Oil prices will decrease by 360 - 420 VND/liter. Currently, gasoline prices are at their lowest level in the past 3 years.
Gasoline price today March 13, 2025
Recorded on Oilprice at 4:00 a.m. on March 13, 2025 (Vietnam time), WTI oil price was at 67.42 USD/barrel, up 1.72% (equivalent to an increase of 1.14 USD/barrel).
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| WTI oil price on the world market in the early morning of March 13, 2025 (Vietnam time) |
Similarly, Brent oil price was at 70.61 USD/barrel, up 1.48% (equivalent to an increase of 1.03 USD/barrel).
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| Brent oil price on the world market early morning March 13, 2025 (Vietnam time) |
Smaller producers may cut back if oil prices fall below $60 a barrel, Fred Forthuber, president of OXY Energy Services, said, according to Reuters.
US crude oil futures are currently trading at around $67.40 a barrel.
U.S. government data released Wednesday showed U.S. crude oil inventories rose by 1.4 million barrels in the latest week, less than the expected increase of 2 million barrels. U.S. gasoline inventories fell by 5.7 million barrels, compared with expectations for a 1.9 million-barrel drop, while gasoline inventories also fell more than expected.
“This week, oil inventories were lower than expected and gasoline and diesel consumption was higher than expected. This indicates stronger demand and could lead to higher oil prices as a result,” said Josh Young, chief investment officer at Bison Interests.
Crude oil futures have been supported in recent days by a weaker US dollar and the Energy Information Administration (EIA) no longer making its previous forecast of a heavily oversupplied oil market this year, said UBS analyst Giovanni Staunovo.
The dollar struggled to escape a five-month low against other major currencies, as traders digested tit-for-tat tariffs between the US and the EU and the possibility of a ceasefire between Russia and Ukraine.
The dollar index (.DXY) fell 0.5% to a fresh 2025 low on Tuesday, boosting oil prices by making crude cheaper for buyers holding other currencies.
Signs of cooling inflation, however, gave investors some comfort after U.S. consumer prices rose less than expected in February. But the improvement may be temporary as higher import tariffs are expected to raise the cost of most goods in the coming months.
US President Donald Trump's economic policies so far have focused on a series of tariff announcements, some of which have already taken effect and others that have been delayed or will come into effect later.
Markets fear that tariffs could raise prices for businesses, fuel inflation and undermine consumer confidence, hurting economic growth.
"Recession fears in the United States, weakness in the U.S. stock market and concerns about tariffs affecting major oil companies like China have added to the market uncertainty and these factors could continue to fuel bearish sentiment, keeping oil prices in check," said Hassan Fawaz, chairman and founder of brokerage GivTrade.
At the same time, the Organization of the Petroleum Exporting Countries maintained its forecast for relatively strong growth in global oil demand through 2025, saying air and road transport would support consumption.
“Trade concerns are expected to contribute to volatility as trade policies continue to be announced. However, the global economy is expected to adjust,” OPEC said in the report.
OPEC also released data showing OPEC+ output rose by 363,000 barrels per day in February, led by increases in Kazakhstan, which is lagging in complying with OPEC+ output quotas.
Domestic retail gasoline prices on March 13, 2025 will be applied according to the adjustment session from 3:00 p.m. on March 6 by the Ministry of Finance - Ministry of Industry and Trade.
| Item | Price (VND/liter/kg) | Difference from previous period |
| E5 RON 92 gasoline | 19,961 | -697 |
| RON 95 gasoline | 20,402 | -710 |
| Diesel | 18,333 | -624 |
| Oil | 18,573 | -762 |
| Fuel oil | 17,150 | -465 |
Specifically, the price of E5 RON 92 gasoline decreased by 697 VND/liter, down to 19,961 VND/liter; RON 95 gasoline decreased by 710 VND/liter, down to 20,402 VND/liter.
The price of 0.05S diesel oil decreased by 624 VND/liter, down to 18,333 VND/liter; kerosene oil decreased by 762 VND/liter, down to 18,573 VND/liter; the price of 180CST 3.5S mazut oil decreased by 465 VND/kg, down to 17,150 VND/kg.
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| Gasoline prices today March 13, 2025. 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 2025 until now, domestic gasoline prices have undergone 10 adjustment sessions, including 4 sessions of decrease, 4 sessions of increase and 2 sessions of opposite direction.
Source: https://congthuong.vn/gia-xang-dau-hom-nay-13032025-noi-da-giam-sau-378003.html
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