Gasoline prices increase due to tight supply; SJC gold increases by nearly half a million VND per tael

Gasoline prices rise due to tight supply

Today's gasoline and oil prices on the international market, March 27, tend to continue to rise due to signs of tight supply.

According to data from Oilprice, at 8:27 p.m. on March 26 (Vietnam time), Brent crude oil was trading at $86.79 per barrel, up $0.04, or 0.05%, from the previous session. WTI crude oil was at $82.14 per barrel, up $0.19, or 0.23%, from the previous session.

Analysts say oil prices continue to rise amid signs of tightening supplies.

Russia is the world’s third-largest oil producer and one of the largest exporters of oil products. Meanwhile, rising geopolitical tensions in the Middle East and Ukraine’s military actions against Russian energy facilities remain key factors supporting the rise in oil prices.

gia-xang-dau-1-854-1185-1240-1506-11-1297-1394-1250-1217-575-8375.jpeg — Gasoline prices rise due to tight supply.

Since early March, at least seven Russian oil refineries have been attacked by drones from Ukraine, making supplies more scarce.

Meanwhile, developments in the Red Sea region show no signs of cooling down. The Houthi forces in Yemen continue to threaten Saudi Arabia and warn the kingdom not to support US attacks against them.

In the domestic market, the selling price of gasoline and oil today, March 27, is applied according to the price of the operating session on the afternoon of March 21.
Accordingly, the retail prices of petroleum products were adjusted by the Ministry of Finance - Industry and Trade in the direction of sharply increasing gasoline prices.
Specifically, the price of E5 gasoline was raised to 23,210 VND/liter. The price of RON95 gasoline increased to 24,280 VND/liter. The retail price of diesel increased to 21,010 VND/liter, and the price of kerosene increased to 21,260 VND/liter.

SJC gold increased by nearly half a million VND per tael

Today, SJC gold suddenly reversed and increased by the most 400,000 VND/tael, stabilizing at 80.32 million VND, world gold also continued to rise.

At the time of survey at 5:00 a.m. on March 27, the gold price on the trading floors of some companies was as follows:

Today's 9999 gold price is listed by DOJI at 78.10 million VND/tael for buying and 80.10 million VND/tael for selling.

SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 78.15 - 80.05 million VND/tael (buy - sell). Meanwhile, at Bao Tin Manh Hai, it is being traded at 78.15 - 80.25 million VND/tael (buy - sell).

According to Kitco, the world gold price recorded at 5:00 a.m. today, Vietnam time, was at 2,177.60 USD/ounce, a difference of 6.4 USD/ounce compared to yesterday's gold price. Converted according to the current exchange rate at Vietcombank, the world gold price is about 64.308 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is still 13.992 million VND/tael higher than the international gold price.

USD bank increased slightly

Today, VCB USD slightly increased by 20 VND in both buying and selling directions, besides, the world USD also increased again.

The central VND/USD exchange rate announced by the State Bank today is adjusted to 23,994 VND/USD, down 21 VND compared to the trading session on March 26.

Currently, the exchange rate allowed for trading by commercial banks ranges from 23,400 - 25,143 VND/USD. The US Dollar exchange rate has also been brought to the buying and selling range by the State Bank of Vietnam from 23,400 to 25,143 VND/USD.

The USD exchange rate at banks and domestic foreign exchange rates this morning recorded a series of upward adjustments at banks. Specifically, Vietcombank has a buying price of 24,580 and a selling price of 24,950, an increase of 20 VND compared to the trading session on March 26. The current USD buying and selling prices are in the range of 23,400 - 25,300 VND/USD.

In the world market, the Dollar Index (DXY), measuring the USD against 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF), stopped at 104.32 points - down 0.15% compared to trading on March 26.

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