Gasoline price today November 29: Turning up

World oil prices

At 6:00 a.m. on November 29, Brent crude oil price increased by 34 cents, equivalent to 0.5%, to 73.17 USD/barrel. WTI crude oil price increased by 16 cents, equivalent to 0.2%, to 68.88 USD/barrel.

Oil prices rose again today after Israel and the Lebanese militant group Hezbollah accused each other of violating their ceasefire and as Israeli tanks fired on southern Lebanon.

OPEC+ also postponed a meeting that could have extended the production cuts by a few days. Analysts say it is unlikely that OPEC+ will announce a production increase at the upcoming meeting.

Gasoline prices rise again. (Photo: Minh Duc).

OPEC+ supplies half of the world's oil but has maintained production cuts to support prices. They had hoped to gradually reduce the cuts but weak global demand has forced them to delay the start of a gradual increase in output.

Slowing fuel demand in top oil consumers China and the United States has continued to weigh on oil prices this year.

Limiting oil's gains was a report from the US Energy Information Administration showing US gasoline inventories rose by 3.3 million barrels, contrary to analysts' expectations of a slight decline ahead of holiday travel.

Domestic gasoline prices

In the operating period on November 28, the price of E5 RON92 gasoline increased by 497 VND/liter, not higher than 19,840 VND/liter. RON95 gasoline increased by 329 VND/liter, not higher than 20,857 VND/liter.

Diesel price increased by VND268/liter, not higher than VND18,777/liter. Kerosene increased by VND221/liter, not higher than VND19,142/liter and fuel oil price increased by VND111/kg, to VND16,125/kg.

In this management period, the Ministry of Industry and Trade - Ministry of Finance continued not to set aside or use the petrol price stabilization fund for any products.

Ngoc Vy

Source: https://vtcnews.vn/gia-xang-dau-hom-nay-29-11-quay-dau-tang-ar910294.html