Domestic gasoline prices today June 22, 2024

In the domestic market, the selling prices of gasoline and oil today, June 22, 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 to 21,500 VND/liter. The price of RON 95 gasoline was raised to 22,460 VND/liter.

Similarly, diesel price was also adjusted up to 20,360 VND/liter. Kerosene price increased 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 22, 2024

On the world market, gasoline prices cooled down today, June 22, due to the strengthening of the USD, despite signs of improved demand and falling fuel reserves in the US.

Data from Oilprice shows that at 8:48 a.m. on June 22 (Vietnam time), Brent oil price was listed at $85.24/barrel, down 0.55% from the previous session. WTI oil price was at $80.73/barrel, down 0.69% from the previous session.

In the trading session of June 21, world oil prices at times increased to their highest level in more than 7 weeks.

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World oil prices cool down. Photo: Money Control.

According to data from Oilprice, at 8:38 p.m. on June 21 (Vietnam time), Brent oil price was listed at 85.8 USD/barrel, up 0.11% compared to the previous session. WTI oil price was at 81.38 USD/barrel, up 0.07% compared to the previous session.

Oil prices rose on signs of improving demand and falling fuel inventories in the United States, the world's largest oil consumer.

Oil prices rose as a report from the US Energy Information Administration (EIA) showed US crude inventories fell more than expected.

According to the EIA report, US crude oil inventories in the week ending June 14 fell by 2.5 million barrels, to 457.1 million barrels, more than analysts' expectations for a decrease of 2.2 million barrels.

Data from the EIA also showed that in the week ending June 14, US gasoline reserves fell by 2.3 million barrels to 231.2 million barrels.

Meanwhile, US government data released on June 20 showed that the country's oil demand increased by 1.9 million barrels per day in the week ending June 14, to 21.1 million barrels per day.

Oil prices were also supported by expectations that the US Federal Reserve (Fed) could soon cut interest rates after the country reported weaker retail sales earlier this week and a drop in unemployment claims in the US. Lower interest rates will reduce borrowing costs, thereby boosting economic activity and increasing oil consumption.

Signs of stronger demand in Asia also boosted investor confidence, which also supported oil prices, analysts at ANZ Research said.

Gasoline prices today, June 21, 2024, cooled down after increasing to a 7-week high . Gasoline prices today, June 21, 2024, on the international market tended to slow down after increasing to a 7-week high. Meanwhile, in the domestic market, gasoline prices were adjusted up since yesterday afternoon.