Domestic gasoline prices today June 29, 2024

In the domestic market, the selling prices of gasoline and oil today, June 29, 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 to 22,010 VND/liter. The price of RON 95 gasoline was raised to 23,010 VND/liter.

Similarly, diesel price was adjusted up to 20,680 VND/liter. Kerosene price increased 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 29, 2024

In the world market, gasoline prices today, June 29, increased and decreased in opposite directions.

Oil prices were mixed at the end of the last trading session of this week and the last of June as investors weighed weak US fuel demand. In addition, some investors took profits, which also affected oil prices.

According to data from Oilprice, at 8:23 a.m. on June 29 (Vietnam time), Brent oil price was listed at 86.41 USD/barrel, up 0.02% compared to the previous session. In contrast, WTI oil price was at 81.54 USD/barrel, down 0.24% compared to the previous session.

Oil prices rose on growing expectations that the US Federal Reserve will soon cut interest rates. A rate cut by the Fed could boost demand for oil, which would benefit prices.

In addition, oil prices increased due to concerns about supply disruptions due to increased geopolitical pressure in the Middle East and Europe while US gasoline and oil inventories unexpectedly increased.

Escalating tensions between Israel and Lebanon's Hezbollah have raised fears of a wider conflict that could draw in other countries, including major oil producer Iran.

A report from the US Energy Information Administration (EIA) showed that the country's crude oil inventories increased by 3.6 million barrels in the week ending June 21, contrary to analysts' forecasts for a decrease of 2.9 million barrels. US gasoline inventories also increased by 2.7 million barrels last week.

However, limiting the price increase of "black gold" is caution due to fluctuations in the USD, which is at a two-month high, along with political instability in France.

Gasoline prices today, June 28, 2024, increased sharply, exceeding 86 USD/barrel . Gasoline prices today, June 28, 2024, increased sharply on the international market, exceeding 86 USD/barrel. In the domestic market, gasoline prices were adjusted up since yesterday afternoon.