Gasoline prices today (April 2): ​​Slight fluctuations - Lang Son Newspaper and Radio and Television Station

World oil prices

According to Oilprice, at 5:40 a.m. on April 2 (Vietnam time), WTI oil price increased slightly by 3 cents, Brent oil "steadied" at 74.49 USD/barrel.

Oil prices ended the session on April 1 slightly lower as traders awaited retaliatory tariffs that US President Donald Trump is expected to announce today, which could escalate tensions in the global trade war. Limiting the decline was rising supply concerns after Trump's threat to impose secondary tariffs on Russian oil and attack Iran.

Oil prices fell slightly in the trading session on April 1. Illustration photo: Daily Trust

Brent crude fell 28 cents, or 0.37 percent, to $74.49 a barrel. It had briefly topped $75 a barrel during the session. WTI crude fell 28 cents, or 0.39 percent, to $71.20 a barrel.

The White House did not provide details on the size and scope of the tariffs expected to be announced today, Reuters reported.

The market is a little nervous, some supply from Mexico, Venezuela and Canada may fall, but demand will certainly fall faster than those barrels, said Bob Yawger, director of energy futures at Mizuho.

A Reuters poll of 49 economists and analysts in March showed oil prices would remain under pressure this year due to US tariffs and economic slowdowns in India and China, while OPEC+ increases supply.

Slowing global growth will reduce fuel demand, which could offset any supply reductions caused by Mr Trump's threats.

While tougher sanctions on Iran, Venezuela and Russia could restrict global supplies, US tariffs could reduce global energy demand and slow economic growth, which would impact oil demand, according to SEB analyst Ole Hvalbye. Therefore, betting on a clear direction for the market has been and remains a challenge.

Last week, Mr. Trump announced that he would impose additional tariffs of 25% to 50% on buyers of Russian oil if Moscow tries to block efforts to end the conflict in Ukraine. Tariffs on buyers of oil from Russia, the world’s second-largest oil exporter, would disrupt global supplies and hurt Moscow’s biggest customers, China and India.

Mr. Trump also threatened to impose similar tariffs on Iran, even bombing it if Tehran did not reach an agreement with the White House on its nuclear program.

While US oil inventories increased, gasoline inventories decreased. Illustration photo: Money Control

Oil prices found some support after Russia ordered Kazakhstan's main oil export port to close two of its three berths amid tensions between Kazakhstan and OPEC+ over overproduction.

Regarding US oil and gasoline inventory data, according to the American Petroleum Institute, in the week ending March 28, oil inventories unexpectedly increased by 6.037 million barrels; gasoline inventories decreased by 1.628 million barrels and distillate inventories decreased by 11,000 barrels.

Domestic gasoline prices

Domestic retail prices of gasoline on April 2 are as follows:

E5 RON 92 gasoline is not more than 20,032 VND/liter.

RON 95-III gasoline is not more than 20,424 VND/liter.

Diesel oil not more than 18,217 VND/liter.

Kerosene not more than 18,524 VND/liter.

Fuel oil not exceeding 16,902 VND/kg.

The above domestic retail prices of gasoline and oil will be adjusted by the Ministry of Finance and the Ministry of Industry and Trade in the price management session on the afternoon of April 3. Due to the increase in world gasoline and oil prices last week, domestic gasoline and oil prices may continue to increase.

In the most recent price adjustment, the price of E5 RON 92 gasoline increased by 337 VND/liter, RON 95-III gasoline increased by 337 VND/liter, kerosene increased by 406 VND/liter, diesel increased by 324 VND/liter. Only fuel oil decreased by 53 VND/kg.

Source: https://baolangson.vn/gia-xang-dau-hom-nay-2-4-bien-dong-nhe-5042867.html