Domestic gasoline prices today June 28, 2024

In the domestic market, the selling prices of gasoline and oil today, June 28, are applied according to the prices at the management session on the afternoon of June 27 of the Ministry of Finance - Industry and Trade.

Accordingly, the price of gasoline and oil was adjusted by the Ministry of Industry and Trade - Ministry of Finance to increase all items.

Specifically, the price of E5 gasoline increased by 510 VND/liter, the selling price is 22,010 VND/liter. The price of RON 95 gasoline increased by 550 VND, the selling price is 23,010 VND/liter.

Similarly, diesel price was also adjusted up by 320 VND/liter, selling price at 20,680 VND/liter.
Kerosene price increased by 260 VND/liter, selling price up to 20,610 VND/liter.

Retail price of gasoline today:

Item Price from June 27 (unit: VND/liter) Compared to previous period
Gasoline RON 95-III 23,010 + 550
Gasoline E5 RON 92-II 22,010 + 510
Diesel 20,680 + 320
Oil 20,610 + 260

World oil prices today June 28, 2024

In the world market, gasoline prices today increased following the increase in the previous two sessions.

Data from Oilprice shows that at 8:35 a.m. on June 28 (Vietnam time), Brent oil price was listed at $86.61/barrel, up 0.25% from the previous session. WTI oil price was at $82.05/barrel, up 0.38% from the previous session.

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Gasoline prices tend to increase. Photo: Businesstoday

In the trading session of June 27, oil prices continued to increase after a slight increase in the previous session. Brent oil prices exceeded 86 USD/barrel.

According to data from Oilprice, at 8:59 p.m. on June 27 (Vietnam time), Brent oil price was listed at 86.1 USD/barrel, up 1% compared to the previous session. WTI oil price was at 81.59 USD/barrel, up 0.85% compared to the previous session.

Oil prices rose on concerns that escalating tensions in the Gaza Strip could disrupt supplies from the Middle East.

Clashes along the border between Israel and Lebanon’s Hezbollah have continued in recent weeks, raising concerns about a full-scale war between Israel and Hezbollah that could draw in other countries in the region, including oil producer Iran.

Along with that, Houthi attacks on shipping activities in the Red Sea also supported oil prices.

However, limiting the upward momentum of oil prices was information about the unexpected increase in US petroleum inventories.

The US Energy Information Administration (EIA) said US crude inventories rose by 3.6 million barrels in the week ended June 21, compared with analysts' forecasts for a 2.9 million barrel decline. US gasoline inventories also rose by 2.7 million barrels last week.

US fuel inventories rise even as refineries cut output.

A surprise rise in US oil inventories has raised concerns about weak demand in the world's top oil consumer. US gasoline use accounts for about 10% of total world oil consumption.

Oil traders are also worried that gasoline consumption in the US will weaken during the peak summer driving season.

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.