Domestic gasoline prices today June 27, 2024

In the domestic market, retail prices of petroleum products this afternoon (June 27) will be applied according to the new price level.

Leaders of some petroleum companies predict that domestic petroleum prices at this afternoon's adjustment session may be adjusted upward.

Oil and gas companies predict that if the regulatory agency does not affect the Oil and Gas Price Stabilization Fund, domestic gasoline prices could increase by VND450-600 per liter. Oil prices are expected to increase by VND290-350 per liter, depending on the type.

In case the Ministry of Finance and the Ministry of Industry and Trade spend the Stabilization Fund, the gasoline price is likely to increase less.

In the most recent gasoline price adjustment period (June 20), gasoline prices were adjusted by the Ministry of Industry and Trade - Ministry of Finance to increase all items.

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Domestic gasoline prices may be adjusted up this afternoon. Photo: Chi Hung

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.

World oil prices today June 27, 2024

In the world market, gasoline prices today show signs of increasing.

Trading session on June 26, oil prices decreased slightly at the beginning of the session then turned to increase.

According to data from Oilprice, at 8:15 a.m. on June 26 (Vietnam time), Brent oil price was listed at 84.92 USD/barrel, down 0.11% compared to the previous session. WTI oil price was at 80.79 USD/barrel, down 0.05% compared to the previous session.

At 9:11 p.m. on June 26 (Vietnam time), Brent oil price reached 85.26 USD/barrel, up 0.29% compared to the previous session. WTI oil price was at 81.02 USD/barrel, up 0.24% compared to the previous session.

Oil prices fell as data on U.S. consumer confidence in June raised concerns about a weakening economic outlook that could dent gasoline demand.

Along with that, high inventory levels have traders worried about oil demand during the summer in the US.

Data from the American Petroleum Institute showed that in the week ending June 21, gasoline inventories in the country increased by 3.843 million barrels, while oil inventories increased by 914,000 barrels.

However, geopolitical tensions have pushed oil prices higher. Tensions are expected to persist amid failed efforts to reach a ceasefire.

The conflict between Israel and Hezbollah continues to escalate. Israel carried out three separate airstrikes on Gaza City (in the Gaza Strip) early on June 25.

Meanwhile, Houthi attacks on shipping in the Red Sea continue.

Gasoline prices today, June 26, 2024, weakened . Gasoline prices today, June 26, 2024, on the international market weakened due to the strengthening of the greenback and investors remaining cautious about the possibility that high interest rates will remain for a long time.