Gasoline price today January 27, 2025: Last week, oil prices officially ended a streak of 4 consecutive weeks of increase and established the first week of decrease in the past 5 weeks.
Gasoline price today January 27, 2025
Recorded on Oilprice at 4:30 a.m. on January 27, 2025 (Vietnam time), WTI oil price was at 74.66 USD/barrel, up 0.05% (equivalent to an increase of 0.04 USD/barrel).
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| WTI oil price on the world market in the early morning of January 27, 2025 (Vietnam time) |
Similarly, Brent oil price was at 78.43 USD/barrel, up 0.27% (equivalent to an increase of 0.21 USD/barrel).
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| Brent oil price on the world market early morning January 27, 2025 (Vietnam time) |
At the end of the trading week, WTI crude oil was at 77.39 USD/barrel last week, down to 74.66 USD/barrel this week. Overall, WTI crude oil decreased by 2.73 USD/barrel, equivalent to a decrease of 3.5% compared to the previous week.
Brent crude oil was at $80.79/barrel last week, down to $78.43/barrel this weekend. Overall, Brent crude oil fell $2.36/barrel last week, down 2.8% from the previous week.
Thus, world oil prices have ended their four consecutive increases and have simultaneously turned sharply downward.
Oil prices slid about 1% after Mr Trump, in a speech at the World Economic Forum in Davos, Switzerland, urged Saudi Arabia and OPEC to lower oil prices and called for the world to cut interest rates.
A four-session decline was broken in the final trading session of the week. Oil prices rose slightly by a maximum of 21 cents in this session, supported by a continued decline in US oil inventories. According to a report by the US Energy Information Administration, US oil inventories fell by 1 million barrels in the week to January 17 to their lowest level since March 2022.
According to analysts, forecasts of weak demand in China - the world's leading energy consumer - continue to be an important factor weighing on oil prices.
According to Reuters, the US energy group Chevron announced that it has started production at the Tengiz oil field, with a total investment of 48 billion USD. This project is expected to increase global crude oil production by about 1%, adding pressure to OPEC's efforts to cut production in the past few years.
Domestic retail gasoline prices on January 27, 2025 will be applied according to the adjustment session from 3:00 p.m. on January 23 by the Ministry of Finance - Ministry of Industry and Trade.
Item | Price (VND/liter/kg) | Difference from previous period |
E5 RON 92 gasoline | 20,592 | -158 |
RON 95 gasoline | 21,142 | -78 |
Diesel | 20,194 | +412 |
Oil | 20,110 | +404 |
Fuel oil | 17,752 | +571 |
Specifically, the price of E5 RON 92 gasoline decreased by VND158/liter, down to VND20,592/liter; RON 95 gasoline decreased by VND78/liter, down to VND21,142/liter.
Diesel 0.05S price: increased by 412 VND/liter, at 20,194 VND/liter; Kerosene increased by 404 VND/liter, at 20,110 VND/liter; Madut 180CST 3.5S increased by 571 VND/kg, at 17,752 VND/kg.
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| Gasoline prices today January 27, 2025. Photo by Dinh Tuan |
In this management period, the Ministry of Industry and Trade - Ministry of Finance did not set aside or use the Petroleum Price Stabilization Fund for E5RON92 gasoline, RON95 gasoline, diesel oil, kerosene, and mazut oil.
Thus, from the beginning of 2025 until now, domestic gasoline prices have undergone 4 adjustment sessions, including 0 decrease sessions, 3 increase sessions and 1 opposite session.
Source: https://congthuong.vn/gia-xang-dau-hom-nay-27012025-xac-lap-tuan-giam-dau-tien-371353.html
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