Oil prices today October 28, 2024: Last week, world oil prices increased simultaneously, WTI oil increased by 2.8%, Brent oil increased by 4.09%. Domestic oil prices are also expected to increase.
Gasoline price today October 28, 2024
Recorded on Oilprice at 5:00 a.m. on October 28, 2024 (Vietnam time), WTI oil price was at 68.25 USD/barrel, down 5% (equivalent to a decrease of 3.59 USD/barrel).
 |
| WTI oil price on the world market in the early morning of October 28, 2024 (Vietnam time) |
Similarly, Brent oil price was at 72.53 USD/barrel, down 4.62% (equivalent to a decrease of 3.51 USD/barrel).
 |
| Brent oil price on the world market early morning October 28, 2024 (Vietnam time) |
The escalating conflict between Iran and Israel is having a strong impact on global markets. Recent Israeli airstrikes on Iran have raised concerns about escalating tensions, affecting investor sentiment towards gold and oil prices.
Oil prices rose more than 2% in the second trading session of the week, thanks to a recovery in demand from China and doubts about the possibility of a ceasefire in the Middle East. China announced a crude oil import quota of 257 million tons for 2025, up 14 million tons from 2024.
On the contrary, data on a larger-than-expected increase in US oil inventories sent oil prices down more than 1% in Tuesday trading. Specifically, the US Energy Information Administration said crude oil inventories rose by 5.5 million barrels in the week ended October 18, far exceeding the 270,000 barrel increase that analysts had predicted.
Domestic retail gasoline prices on October 28, 2024 will be applied according to the adjustment session from 3:00 p.m. on October 24 by the Ministry of Finance - Ministry of Industry and Trade.
Item | Price (VND/liter/kg) | Difference from previous period |
E5 RON 92 gasoline | 19,682 | -38 |
RON 95 gasoline | 20,894 | -68 |
Diesel | 18,057 | -264 |
Oil | 18,570 | -57 |
Fuel oil | 16,229 | +139 |
Specifically, the price of E5 RON 92 gasoline decreased by 38 VND/liter, down to 19,692 VND/liter; RON 95 gasoline decreased by 68 VND/liter, down to 20,894 VND/liter.
Diesel 0.05S price: Decreased by 264 VND/liter, down to 18,057 VND/liter; Kerosene decreased by 57 VND/liter, down to 18,570 VND/liter; Mazut 180CST 3.5S increased by 139 VND/kg, at 16,229 VND/kg.
 |
| Gasoline prices today October 28, 2024. Photo: Tran Viet/VNA. |
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 2024 to now, domestic gasoline prices have undergone 42 adjustment sessions, including 21 decrease sessions, 17 increase sessions and 5 opposite sessions.
Source: https://congthuong.vn/gia-xang-dau-hom-nay-28102024-du-bao-gia-xang-dau-trong-tuan-moi-355141.html
![[Photo] National Assembly Chairman Tran Thanh Man visits Vietnamese Heroic Mother Ta Thi Tran](https://vphoto.vietnam.vn/thumb/1200x675/vietnam/resource/IMAGE/2025/7/20/765c0bd057dd44ad83ab89fe0255b783)
Comment (0)