Today's gasoline price , world oil price July 1 , 2024
Recorded on Oilprice at 4:30 a.m. on July 1, 2024 (Vietnam time), WTI oil price was at 81.46 USD/barrel, down 0.24% (equivalent to a decrease of 0.20 USD/barrel).
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| WTI oil price on the world market early morning July 1 (Vietnam time) |
Similarly, Brent oil price was at 84.84 USD/barrel, down 0.30% (equivalent to a decrease of 0.26 USD/barrel).
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| Brent oil price on the world market early morning of June 30 (Vietnam time) |
Oil prices rose nearly 1% at the start of the week due to strong summer demand, concerns about supply shortages due to escalating geopolitical tensions in the Middle East and Europe, and a weaker US dollar.
However, oil prices fell 1% on the second trading session of the week due to a drop in US consumer confidence. Oil prices rose more than 1% on the third and fourth trading sessions of the week amid concerns about supply disruptions due to escalating political tensions despite an unexpected increase in US petroleum inventories.
However, in the closing session of the week, oil prices could not maintain the three consecutive sessions of increase due to pressure from investors considering weak fuel demand in the US, in the context of US personal consumption spending data in May showing neither increase nor decrease compared to April.
Overall, oil prices recorded a mixed trading week last week, with Brent crude down 24 cents/week and WTI crude up 81 cents/week.
Domestic gasoline prices today July 1, 2024
Domestic retail gasoline prices on July 1, 2024 will be applied according to the adjustment session from 3:00 p.m. on June 27 by the Ministry of Finance - Ministry of Industry and Trade.
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| Domestic gasoline prices apply according to the adjustment session at 3:00 p.m. on June 27 |
Specifically, the price of E5 RON 92 gasoline increased to 22,014 VND/liter; RON 95 gasoline increased to 23,010 VND/liter.
In this adjustment session, oil prices continued to increase. Specifically, diesel prices increased to 20,689 VND/liter; kerosene increased to 20,614 VND/liter. Fuel oil increased by 223 VND/kg to 17,446 VND/kg.
Item | Price (VND/liter/kg) | Difference from previous period |
E5 RON 92 gasoline | 22,014 | +506 |
RON 95 gasoline | 23,010 | +544 |
Diesel | 20,689 | +329 |
Oil | 20,614 | +258 |
Fuel oil | 17,446 | +223 |
According to the explanation of the Ministry of Industry and Trade, the above changes in domestic gasoline prices are due to the influence of factors such as: escalating tensions in the Middle East, increased oil inventories in the US, ongoing military conflicts between Russia and Ukraine, etc. The above factors have caused world gasoline prices to fluctuate up and down in recent days, but the main trend is upward.
Regarding the Petroleum Price Stabilization Fund (BOG) in this management period, the Ministry of Industry and Trade - Ministry of Finance decided: Not to set aside or use the Petroleum Price Stabilization Fund for E5RON92 gasoline, RON95 gasoline, diesel oil, kerosene, and fuel oil.
Thus, since the beginning of the year, the regulatory agency has made 26 adjustments to gasoline prices, including 11 periods of simultaneous increases, 7 periods of price decreases, and 8 periods of alternating increases and decreases in gasoline prices.
Source: https://congthuong.vn/gia-xang-dau-hom-nay-ngay-172024-huong-di-nao-cho-gia-dau-the-gioi-trong-tuan-nay-329247.html
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