Domestic gasoline prices today June 25, 2024

In the domestic market, the selling price of gasoline and oil today, June 25, is applied according to the price at the management session on the afternoon of June 20.

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.

Meanwhile, diesel price increased to 20,360 VND/liter. Kerosene price was adjusted 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 25, 2024

In the world market, gasoline prices today continued to rise from the first trading session of the week (June 24).

According to data from Oilprice, at 8:02 a.m. on June 25 (Vietnam time), Brent oil price was listed at 86.07 USD/barrel, up 0.07% compared to the previous session. WTI oil price was at 81.72 USD/barrel, up 0.11% compared to the previous session.

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World oil prices go up. Photo: Fibre2Fashion

At the end of the first trading session of the week, oil prices increased by about 1% after a slight decrease in the last trading session of last week.

The rise in oil prices was driven by the prospect of strong summer demand, concerns about supply shortages due to tensions in the Middle East and the Russia-Ukraine conflict.

Another factor pushing oil prices higher is the weakening of the US dollar, which fell after seven consecutive days of gains. The dollar slipped from an eight-week high against the yen on the possibility of support from the Japanese government.

Meanwhile, the number of active oil rigs in the US fell by three to 485 last week, the lowest level since January 2022, according to oilfield services firm Baker Hughes.

Prices of both benchmarks rose about 3% last week on signs of rising demand for oil products in the United States and output cuts by the Organization of the Petroleum Exporting Countries and its allies (OPEC+) helping to rein in supplies.

A slew of economic data will impact the oil market this week. The final US GDP report for the first quarter will be released on Wednesday and the US core personal consumption expenditure (PCE) index will be released on Friday, which will be the factors that will cause oil prices to fluctuate.

Today's gasoline and oil prices, June 24, 2024, leveled off after a strong week of increases . Today's gasoline and oil prices, June 24, 2024, on the international market leveled off after a strong increase last week. Last week, world oil prices recorded their second consecutive week of strong increases.