Gasoline price today April 16, 2025: Little fluctuation

Oil prices today April 16, 2025: Oil prices remained almost unchanged as investors digested the latest news related to US President Donald Trump's on-again, off-again tax plan.

Gasoline price today April 16, 2025

Recorded on Oilprice at 4:30 a.m. on April 16, 2025 (Vietnam time), Brent oil price was at 64.64 USD/barrel, down 0.39% (equivalent to a decrease of 0.25 USD/barrel).

Brent oil price on the world market in the early morning of April 16, 2025 (Vietnam time)

Similarly, WTI oil price was at 61.33 USD/barrel, down 0.26% (equivalent to a decrease of 0.16 USD/barrel).

WTI oil price on the world market in the early morning of April 16, 2025 (Vietnam time)

The volatile trade policy of the United States has created a lot of uncertainty for the global oil market and caused the Organization of the Petroleum Exporting Countries (OPEC) to lower its oil demand forecast on Monday. Then on Tuesday, the International Energy Agency (IEA) forecast that the growth rate of global oil demand in 2025 will be the slowest in five years, also due to concerns about Mr. Trump's tariffs.

The uncertainty from these tax measures has prompted many major banks such as UBS, BNP Paribas and HSBC to cut their oil price forecasts for this year and next.

“If the trade situation continues to escalate, in a worst-case scenario, Brent could fall to $40-60 a barrel in the next few months,” said UBS expert Giovanni Staunovo. Concerns about Trump’s tariffs, combined with increased production from OPEC+, have sent oil prices down about 14% this month alone. (OPEC+ is an alliance between OPEC and allied oil producers, including Russia.)

However, oil prices also received some support along with the US stock market after Mr. Trump announced that he was considering adjusting the 25% tax imposed on imported cars from Mexico and some other countries.

US crude oil inventory data from the American Petroleum Institute (API) is due later on Tuesday, while data from the US Energy Information Administration (EIA) is due on Wednesday.

Analysts forecast that in the week ending April 11, US energy companies withdrew about 1 million barrels of oil from reserves - compared with an increase of 2.7 million barrels in the same period last year and an average increase of 4.2 million barrels over the past five years (2020–2024).

Domestic gasoline prices today April 16, 2025

Domestic retail gasoline prices on April 16, 2025 will be applied according to the adjustment session from 3:00 p.m. on April 10 by the Ministry of Finance - Ministry of Industry and Trade.

Item	Price (VND/liter/kg)	Difference from previous period
E5 RON 92 gasoline	18,882	-1.491
RON 95 gasoline	19,207	-1.712
Diesel	17,243	-1.235
Oil	17,413	-1.322
Fuel oil	15,902	-1.124

Specifically, the price of E5 RON 92 gasoline decreased by VND1,491/liter, down to VND18,882/liter; RON 95 gasoline decreased by VND1,712/liter, down to VND19,207/liter.

The price of 0.05S diesel decreased by VND1,235/liter, down to VND17,243/liter; kerosene decreased by VND1,322/liter, down to VND17,413/liter; the price of 180CST 3.5S mazut decreased by VND1,124/kg, down to VND15,902/kg.

Gasoline prices today April 16, 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 to now, domestic gasoline prices have undergone 15 adjustment sessions, including 6 decrease sessions, 6 increase sessions and 3 opposite sessions.

Ngoc Hung

Source: https://congthuong.vn/gia-xang-dau-hom-nay-16042025-it-bien-dong-383223.html