Domestic gasoline prices today February 9, 2024
In the domestic market, the selling prices of gasoline and oil today, February 9, are applied according to the prices at the management session on the afternoon of February 8 of the Ministry of Finance - Industry and Trade.
Accordingly, the retail price of gasoline and oil was adjusted down. Notably, the price of RON 95 gasoline decreased sharply, to 23,000 VND/liter.
Specifically, the price of E5 gasoline decreased by 790 VND/liter, the selling price is 22,120 VND/liter. The price of RON 95 gasoline decreased by 900 VND/liter, the price down to 23,260 VND/liter.
Diesel price decreased by 290 VND/liter, retail price is 20,700 VND/liter. Kerosene price decreased by 340 VND/liter, retail price is 20,580 VND/liter.
Retail price of gasoline today:
| Item | Price from February 8 (unit: VND/liter) | Compared to previous period |
| Gasoline RON 95-III | 23,260 | - 900 |
| Gasoline E5 RON 92-II | 22,120 | - 790 |
| Diesel | 20,700 | - 290 |
| Oil | 20,580 | - 340 |
World oil prices today February 9, 2024
On the world market, gasoline prices today, February 9, continued to rise, exceeding 80 USD/barrel.
Data from Oilprice shows that at 8:46 a.m. on February 9 (Vietnam time), Brent crude oil was trading at $81.67 per barrel, up $0.04, or 0.05%, from the previous session. WTI crude oil was at $76.34 per barrel, up $0.12, or 0.76%, from the previous session.
On February 8, international oil prices continued to increase from the beginning of the week.
According to data from Oilprice, at 7:38 p.m. on February 8 (Vietnam time), Brent crude oil was trading at $80.08 per barrel, up $0.87, or 1.1%, from the previous session. WTI crude oil was at $74.63 per barrel, up $0.74, or 1.04%, from the previous session.
The rise in oil prices was fueled by a larger-than-expected drop in US fuel inventories and rising tensions in the Middle East.
The US Energy Information Administration (EIA) reported that US gasoline inventories fell by 3.15 million barrels last week, compared to analysts' forecasts for a 140,000-barrel increase. Similarly, US distillate inventories fell by 3.2 million barrels, much larger than the forecast for a 1 million-barrel decrease.
On the supply side, in its recently released short-term energy outlook report, the EIA cut its outlook for US oil production growth this year by 120,000 barrels per day to 170,000 barrels per day, down sharply from last year's 1.02 million barrels per day increase.
Meanwhile, traders are keeping a close eye on developments in the Middle East as tensions continue.
Investors are focused on Houthi attacks on ships in the Red Sea, disrupting shipping through the Suez Canal, one of the world’s busiest shipping routes. About 12% of global trade passes through the canal, which connects Europe and Asia.
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