Domestic gasoline prices today June 21, 2024

In the domestic market, the selling prices of gasoline and oil today, June 21, are applied according to the prices at the management session on the afternoon of June 20 of the Ministry of Finance - Industry and Trade.

Specifically, gasoline prices were adjusted by the Ministry of Industry and Trade - Ministry of Finance to increase all items.

Accordingly, the price of E5 gasoline increased by 190 VND/liter, the selling price is 21,500 VND/liter. The price of RON 95 gasoline increased by 230 VND, the selling price is 22,460 VND/liter.

Similarly, diesel price was also adjusted up by 720 VND/liter, selling price at 20,360 VND/liter.

Kerosene price increased by 500 VND/liter, selling price up to 20,350 VND/liter.

Retail price of gasoline today:

Item Price from June 20 (unit: VND/liter) Compared to previous period
Gasoline RON 95-III 22,460 + 230
Gasoline E5 RON 92-II 21,500 + 190
Diesel 20,360 + 720
Oil 20,350 + 500

World oil prices today June 21, 2024

In the world market, gasoline prices today, June 21, leveled off after rising to a 7-week high.

According to data from Oilprice, at 8:57 a.m. on June 21 (Vietnam time), Brent oil price was listed at 85.58 USD/barrel, down 0.15% compared to the previous session. WTI oil price was at 82.17 USD/barrel, up 0.74% compared to the previous session.

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Gasoline prices tend to cool down. Photo: Whichcar

In the trading session of June 20, world oil prices increased by more than 1%, reaching the highest level in 7 weeks.

Data from Oilprice shows that at 9:00 p.m. on June 20 (Vietnam time), Brent oil price was listed at $85.87/barrel, up 0.94% from the previous session. WTI oil price was at $82.27/barrel, up 0.86% from the previous session.

Oil prices rose as analysts said tensions in the Gaza Strip were likely to escalate.

Escalating conflict could disrupt supplies from the world's top oil-producing region.

Israel's foreign minister has warned that all-out war with Hezbollah could soon break out, despite the US trying to prevent a larger conflict between Israel and the Hezbollah movement.

Meanwhile, a fuel tank at an oil terminal in the southern Russian port of Azov caught fire after being attacked by Ukrainian drones, indicating that Russian oil refineries continue to be targeted by Ukrainian attacks, affecting supplies.

Oil prices were also supported by expectations that the US Federal Reserve (Fed) could soon cut interest rates after the country's retail sales report earlier this week turned weaker. Lower interest rates will reduce borrowing costs, thereby boosting economic activity, increasing oil consumption, causing oil prices to rise.

Today's oil prices on June 17, 2024 slowed down after a week of acceleration . Today's oil prices on June 17, 2024 on the international market slowed down after a sharp increase last week. Last week, world oil prices recorded a week of acceleration after 3 consecutive weeks of decline.