Gasoline price today April 16, 2025: Waiting for new tariff information

On the Oilprice floor, at 4:30 a.m. Vietnam time, Brent oil price decreased slightly by 0.25 USD, to 64.64 USD/barrel. WTI oil also decreased by 0.16 USD, trading around 61.33 USD/barrel.

President Donald Trump’s erratic tax policy changes have created a new wave of concern in the oil market. For the second day in a row, both OPEC and the International Energy Agency (IEA) have lowered their forecasts for global oil demand for 2025. The IEA even said that this year’s growth could be the lowest in the past five years.

Major banks including UBS, BNP Paribas and HSBC have revised down their oil price forecasts for this year and next. If trade tensions continue to escalate, Brent could fall to $40–$60 a barrel in the coming months, according to UBS expert Giovanni Staunovo. Oil prices have fallen about 14% this month due to a combination of tax concerns and increased OPEC+ production.

However, the market also received some support from the news that President Trump is considering adjusting import tariffs on cars from Mexico and some other countries, helping to stabilize investor sentiment in the stock market.

US crude oil inventory data will be released this week. According to forecasts, US energy companies may have withdrawn about 1 million barrels from reserves in the week ending April 11, significantly lower than the average increase of 4.2 million barrels in the same period in 2020-2024.

The domestic retail price of gasoline and oil applied from April 15, 2025 is implemented according to the adjustment period on April 10 of the Ministry of Finance - Industry and Trade. Accordingly, gasoline and oil prices have decreased sharply compared to the previous period.

Specifically, E5 RON 92 gasoline decreased by VND1,491 per liter, currently at VND18,882 per liter. RON 95 gasoline also decreased by VND1,712 per liter, down to VND19,207 per liter. Diesel oil decreased by VND1,235 per liter, currently at VND17,243 per liter. Kerosene decreased by VND1,322 per liter, down to VND17,413 per liter. Fuel oil decreased by VND1,124 per kg, down to VND15,902 per kg.

In this operating period, the Joint Ministry continues not to make any provision or use of the Petroleum Price Stabilization Fund for all products.

Since the beginning of 2025, domestic gasoline prices have been adjusted a total of 15 times. Of these, there have been 6 sessions of price reduction, 6 sessions of increase, and 3 sessions of opposite adjustments. This development clearly reflects the complex fluctuations of the energy market in recent times.

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Source: https://baonghean.vn/gia-xang-dau-hom-nay-16-4-2025-cho-doi-thong-tin-thue-quan-moi-10295223.html