Gasoline prices reversed and increased slightly

The Ministry of Finance and the Ministry of Industry and Trade have just adjusted the retail price of gasoline and oil in the adjustment period today (September 19). The effective time is from 3:00 p.m. on September 19, 2024.

Specifically, the price of E5 RON 92 gasoline increased by 51 VND/liter to 18,941 VND/liter; RON 95 gasoline increased by 127 VND/liter to 19,762 VND/liter.

Price of 0.05S diesel: Down 122 VND/liter, up to 17,043 VND/liter; Kerosene down 239 VND/liter, up to 17,551 VND/liter; 180CST 3.5S mazut oil up 359 VND/kg, up to 14,826 VND/kg.

In this operating period, the Ministry of Industry and Trade - Ministry of Finance will not set aside or use the Petroleum Price Stabilization Fund for E5RON92 gasoline, RON95 gasoline, diesel oil, kerosene, and mazut oil.

According to the Ministry of Industry and Trade, the world oil market in this operating period (from September 12, 2024 to September 18, 2024) is affected by factors such as: the US Federal Reserve's decision to cut interest rates, storms in the US Gulf of Mexico, China's oil demand remains weak, the military conflict between Russia and Ukraine continues, etc. The above factors have caused world oil prices in recent days to increase and decrease depending on each product.

According to data from Oilprice, at 9:12 a.m. on September 18 (Vietnam time), Brent oil price was trading at 73.43 USD/barrel, down 0.37% compared to the previous session. WTI oil price was at 70.93 USD/barrel, also down 0.37% compared to the previous session.

Today's gasoline prices, from 3:00 p.m. on September 19, each liter of E5 RON 92 gasoline increased by 51 VND, RON 95 gasoline increased by 127 VND; oil prices increased and decreased in opposite directions.

In the world market, oil prices last week recorded the first weekly increase after 3 weeks of decline. Overall, Brent oil prices increased by about 0.8% last week, WTI oil prices increased by about 1.4%.

Oil prices continued to rise in the first two trading sessions of the week this week. After rising 2% in the first trading session of the week (September 16), world oil prices continued to increase by more than 1% in the session on September 17 due to increasing supply disruptions and traders betting that demand will increase if the US Federal Reserve (Fed) cuts interest rates.

However, at the beginning of the trading session on September 18, world oil prices decreased slightly after data showed that US gasoline and oil inventories increased.

In the most recent petrol price adjustment period (September 12), the prices of petrol and oil were adjusted by the Ministry of Industry and Trade - Ministry of Finance in a sharp downward direction.

Specifically, the price of E5 gasoline decreased by 1,080 VND/liter, selling price is 18,890 VND/liter. The price of RON 95 gasoline decreased by 1,190 VND/liter, selling price is 19,630 VND/liter.

Similarly, diesel price was also adjusted down by 930 VND/liter, selling price is 17,160 VND/liter. Kerosene price also decreased by 930 VND/liter, selling price is 17,790 VND/liter.

In this operating 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.

Source: https://congthuong.vn/gia-xang-dau-hom-nay-ngay-1992024-gia-xang-dao-chieu-tang-nhe-346939.html