Gasoline price today December 18: Down to the lowest level in 1 week

World oil prices

At 6:00 a.m. on December 18, Brent crude fell 72 cents, or 1%, to $73.19 a barrel. WTI crude fell 63 cents, or 0.9%, to $70.08 a barrel.

Oil prices continued to decline on demand concerns after negative economic news from Germany and China, while investors remained cautious ahead of the US Federal Reserve's decision on interest rates.

In China, the world's second-largest economy, industrial output growth picked up slightly in November, while retail sales came in much weaker than expected.

This suggests Beijing needs to ramp up its consumer-focused stimulus package as policymakers prepare for higher US trade tariffs after President-elect Donald Trump takes office.

Petrol prices continue to fall. (Photo: Whichcar).

Investors are now watching forecasts from US policymakers for signs of whether the Fed will be more cautious in 2025, as economic indicators show persistent inflation.

Domestic gasoline prices

In the operating period on December 12, the price of E5 RON92 gasoline decreased by 3 VND/liter, not higher than 19,861 VND/liter; conversely, the price of RON95 gasoline increased by 33 VND/liter, not higher than 20,596 VND/liter.

Meanwhile, the prices of all types of oil decreased. Diesel oil price decreased by 127 VND/liter, not higher than 18,255 VND/liter. Kerosene price decreased by 251 VND/liter, not higher than 18,566 VND/liter and fuel oil price decreased by 551 VND/kg, not higher than 15,574 VND/kg.

In this period, the regulatory agency continues not to set aside or use the gasoline price stabilization fund for all products.

Ngoc Vy

Source: https://vtcnews.vn/gasoline-price-to-date-18-12-down-to-1-tuan-ar914453.html