Today's gasoline and diesel prices (March 14, 2025): gasoline and diesel prices today, latest gasoline and diesel price updates, A95 gasoline price, world oil prices, gasoline and diesel price forecast.
In the price adjustment on March 13th, gasoline prices continued to fall. Since the beginning of the year, RON 95 gasoline has increased 5 times and decreased 6 times.
Gasoline and diesel prices today, March 14, 2025
According to Oilprice at 4:00 AM on March 14, 2025 (Vietnam time), WTI crude oil was priced at $66.71 per barrel, down 1.43% (equivalent to a decrease of $0.97 per barrel).
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| WTI oil prices on the world market early morning of March 14, 2025 (Vietnam time) |
Similarly, Brent crude oil prices stood at $70.07 per barrel, down 1.27% (equivalent to a decrease of $0.90 per barrel).
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| Brent crude oil prices on the world market early morning of March 14, 2025 (Vietnam time) |
Oil prices fell as the market weighed macroeconomic concerns, including the risk of a trade war between the United States and other countries that could harm global demand.
Brent crude futures fell 54 cents, or 0.8%, to $70.41 a barrel at 11:28 a.m. Eastern Time (1525 GMT). US West Texas Intermediate crude futures fell 63 cents, or 0.9%, to $67.05 a barrel.
The International Energy Agency (IEA) reports that global oil supply could exceed demand by around 600,000 barrels per day this year, with supply growth led by the United States and global demand now projected to increase by only 1.03 million barrels per day, 70,000 barrels per day lower than last month's forecast. The IEA says that demand growth will be driven primarily by Asia, specifically China.
The report highlighted a deteriorating macroeconomic situation, including escalating trade tensions.
On Wednesday, U.S. President Donald Trump threatened to escalate the global trade war by imposing additional tariffs on European Union goods, while major U.S. trading partners vowed to retaliate against the trade barriers Trump has erected.
Trade tensions have shaken investors, consumers, and business confidence. Coupled with drastic government spending cuts, the labor market has been disrupted, with some concerns about a recession in the United States.
Andrew Lipow, president of Houston-based Lipow Oil Associates, said: "I think (the tariffs) will definitely impact market perceptions of demand growth (for oil) in 2025 and the expectation is that the tariffs and retaliatory tariffs will ultimately impact consumers."
Also on Thursday, Russian President Vladimir Putin said Moscow agreed with the US proposal for a ceasefire, but any ceasefire must lead to lasting peace and address the root causes of the conflict.
The market is weighing the possibility of a short-term ceasefire between Russia and Ukraine, although UBS analyst Giovanni Staunovo said on Thursday that he "remains skeptical" that such an outcome would lead to more Russian oil.
With the US president's commitment to cheaper oil prices, Citi analysts say their outlook for Brent crude oil prices in the second half of 2025 is $60 a barrel.
On Wednesday, the Organization of Petroleum Exporting Countries (OPEC) said Kazakhstan led the significant increase in crude oil production in February among OPEC+ producers. The group seeks to enforce its agreed-upon production targets, even as it intends to ease production cuts.
Concerns about declining jet fuel demand continue to weigh on the market, as JP Morgan analysts said data from the U.S. Transportation Security Administration showed passenger numbers in March were down 5% year-on-year, following sluggish traffic in February.
However, JP Morgan analysts added: "As of March 11, average global oil demand reached 102.2 million barrels per day, up 1.7 million barrels per day year-on-year and exceeding our projected monthly increase of 60,000 barrels per day."
Domestic retail gasoline and diesel prices on March 14, 2025, will be applied according to the adjustment made at 3 PM on March 13 by the Joint Ministry of Finance - Ministry of Industry and Trade.
| Item | Price (VND/liter/kg) | Difference compared to the previous period |
| E5 RON 92 gasoline | 19,281 | -680 |
| RON 95 gasoline | 19,649 | -753 |
| Diesel | 17,898 | -435 |
| Oil | 18,090 | -483 |
| Fuel oil | 16,995 | -155 |
Specifically, the price of E5 RON 92 gasoline decreased by 680 VND/liter, to 19,281 VND/liter; RON 95 gasoline decreased by 753 VND/liter, to 19,649 VND/liter.
The price of 0.05S diesel decreased by 435 VND/liter, to 17,898 VND/liter; kerosene decreased by 483 VND/liter, to 18,090 VND/liter; and the price of 180CST 3.5S fuel oil decreased by 155 VND/kg, to 16,995 VND/kg.
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| Gasoline and diesel prices today, March 14, 2025. Photo: Dinh Tuan |
During this price adjustment period, the Ministry of Industry and Trade - Ministry of Finance did not allocate or utilize the Fuel Price Stabilization Fund for E5RON92 gasoline, RON95 gasoline, diesel fuel, kerosene, and fuel oil.
Thus, from the beginning of 2025 until now, domestic gasoline prices have undergone 11 adjustments, including 5 decreases, 4 increases, and 2 changes.
Source: https://congthuong.vn/gia-xang-dau-hom-nay-14032025-cham-day-gan-4-nam-378173.html
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