Gasoline price today April 24, 2025: Drowning in red

Oil prices today April 24, 2025: Oil prices fell nearly 2% as sources said OPEC+ could accelerate oil production increases next month, but losses were limited after a report that US President Donald Trump could cut tariffs on imports from China.

Gasoline price today April 24, 2025

Recorded on Oilprice at 4:30 a.m. on April 24, 2025 (Vietnam time), Brent oil price was at 66.44 USD/barrel, down 1.50% (equivalent to a decrease of 1.01 USD/barrel).

Brent oil price on the world market in the early morning of April 24, 2025 (Vietnam time)

Similarly, WTI oil price was at 62.62 USD/barrel, down 1.63% (equivalent to a decrease of 1.04 USD/barrel).

WTI oil price on the world market in the early morning of April 24, 2025 (Vietnam time)

Three sources familiar with the OPEC+ talks told Reuters that some OPEC+ members will propose that the group accelerate its oil output increase for a second straight month in June. The decision comes amid a dispute among members over compliance with production quotas. Both benchmarks fell more than $2 on the news.

Meanwhile, Kazakhstan's new energy minister told Reuters that the country will prioritize national interests over those of the OPEC+ producer group when deciding its oil output levels.

Kazakhstan has angered other OPEC+ members by producing more than its allocated quota.

U.S. crude oil inventories rose, while gasoline and distillate inventories posted larger-than-expected declines last week, the Energy Information Administration (EIA) said. Crude inventories rose by 244,000 barrels to 443.1 million barrels in the week ended April 18, compared with analysts' expectations in a Reuters poll for a 770,000-barrel decline.

To create a floor under prices, the US government is considering cutting tariffs on imports from China to de-escalate tensions with Beijing, the Wall Street Journal reported. The report added, citing a White House official, that Chinese tariffs could potentially fall to between 50% and 65%.

The US has imposed new sanctions on an Iranian shipping tycoon whose network handles hundreds of millions of dollars worth of Iranian liquefied petroleum gas and crude oil.

In addition, Mr. Trump withdrew his threat to fire Federal Reserve Chairman Jerome Powell after days of criticizing the Fed for not cutting interest rates, easing investor concerns about economic instability.

Domestic gasoline prices today April 24, 2025

Domestic retail gasoline prices on April 24, 2025 will be applied according to the adjustment session from 3:00 p.m. on April 17 by the Ministry of Finance - Ministry of Industry and Trade.

Item	Price (VND/liter/kg)	Difference from previous period
E5 RON 92 gasoline	18,498	-384
RON 95 gasoline	18,856	-351
Diesel	17,037	-206
Oil	17,184	-229
Fuel oil	15,960	+58

Specifically, the price of E5 RON 92 gasoline decreased by VND384/liter, down to VND18,498/liter; RON 95 gasoline decreased by VND351/liter, down to VND18,856/liter.

The price of 0.05S diesel decreased by VND206/liter to VND17,037/liter; kerosene decreased by VND229/liter to VND17,184/liter; the price of 180CST 3.5S mazut increased by VND58/kg to VND15,960/kg.

Gasoline prices today April 24, 2025. Photo by Dinh Tuan

In this management period, the Ministry of Industry and Trade - Ministry of Finance did not set aside or use the Petroleum Price Stabilization Fund for E5RON92 gasoline, RON95 gasoline, diesel oil, kerosene, and mazut oil.

Thus, from the beginning of 2025 to now, domestic gasoline prices have undergone 16 adjustment sessions, including 7 decrease sessions, 6 increase sessions and 3 opposite sessions.

Ngoc Hung

Source: https://congthuong.vn/gia-xang-dau-hom-nay-24042025-chim-trong-sac-do-384583.html