Domestic gasoline prices today February 15, 2024
In the domestic market, retail prices of gasoline products this afternoon (February 15) will be applied according to the new price level.
According to leaders of some petroleum enterprises, in today's management period, domestic petroleum prices are likely to increase following the trend of world petroleum prices.
If the regulatory agency does not spend the Petroleum Price Stabilization Fund, domestic gasoline prices could increase by VND620-730 per liter. Diesel prices could increase by VND700-740 per liter.
In case the Ministry of Industry and Trade - Ministry of Finance spends the Stabilization Fund, the gasoline price may increase less.
In the most recent petrol price adjustment (February 8), petrol prices were adjusted down across the board. Of which, the price of RON 95 petrol decreased to nearly VND23,000/liter.
Specifically, the price of E5 gasoline decreased by 790 VND/liter, the selling price is 22,120 VND/liter. The price of RON 95 gasoline decreased by 900 VND/liter, the price down to 23,260 VND/liter.
Diesel price decreased by 290 VND/liter, retail price is 20,700 VND/liter. Kerosene price decreased by 340 VND/liter, down to 20,580 VND/liter.
World oil prices today February 15, 2024
In the world market, gasoline prices today, February 15, continued to decrease following the previous session's decline.
Data from Oilprice shows that at 9:47 a.m. on February 15 (Vietnam time), Brent crude oil was trading at $81.25 per barrel, down $0.35, or 0.43%, from the previous session. WTI crude oil was at $76.28 per barrel, down $0.36, or 0.47%, from the previous session.
At the end of the trading session on February 14, international oil prices fell more than 1 USD due to high US crude oil inventories.
However, in the session of February 14, oil prices increased at times, at times exceeding 83 USD/barrel.
According to data from Oilprice, at 6:11 p.m. on February 14 (Vietnam time), Brent oil was trading at $83.07 per barrel, up $0.3, or 0.36%, from the previous session. WTI oil was at $78.08 per barrel, up $0.21, or 0.27%, from the previous session.
Oil prices rose as the Organization of the Petroleum Exporting Countries (OPEC) maintained its forecast for strong oil demand growth this year and as US fuel inventories fell sharply.
In a report published on February 13, OPEC said global oil demand would increase by 2.25 million barrels per day in 2024 and 1.85 million barrels per day in 2025. This growth rate is unchanged from the forecast given in the report last month.
The OPEC and its allies (known as OPEC+) will decide in March whether to extend voluntary oil production cuts.
Meanwhile, recent data from the American Petroleum Institute (API) showed that the country's gasoline and distillate inventories fell by 7.23 million barrels and 4.02 million barrels last week, a sharper decline than analysts had previously predicted.
In addition, the risk of further escalation of war in the Middle East also raises concerns about the outlook for oil supplies.
News of the US rejection of Russian President Vladimir Putin's proposal for a ceasefire in Ukraine, which raised fears of further escalation of war in the Middle East, continued to raise concerns about future supplies.
Meanwhile, Israeli airstrikes on the Gaza city of Rafah, after Israeli Prime Minister Benjamin Netanyahu rejected a ceasefire proposal, have heightened geopolitical concerns.
Source
Comment (0)