Oil prices today 02/06/2025: Last week, world oil prices continued to decrease slightly. Meanwhile, domestic oil prices were adjusted in opposite directions. For the whole week, Brent and WTI both decreased by more than 1%, marking the second consecutive week of decrease, reflecting the cautious sentiment of investors.
Gasoline price today June 2, 2025
Recorded on Oilprice at 4:30 a.m. on June 2, 2025 (Vietnam time), Brent oil price was at 62.61 USD/barrel, down 0.90% (equivalent to a decrease of 0.57 USD/barrel).
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| Brent oil price on the world market early morning June 2, 2025 (Vietnam time) |
Similarly, WTI oil price was at 60.79 USD/barrel, down 0.25% (equivalent to a decrease of 0.15 USD/barrel).
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| WTI oil price on the world market early morning June 2, 2025 (Vietnam time) |
Global oil prices have just ended the trading week with a decrease of more than 1% in both major oil types, extending the two consecutive weeks of decline. Cautious sentiment is covering the market as investors await the official decision from OPEC+ on production policy.
Despite a slight recovery in the middle of the week, this increase was not enough to reverse the general correction trend in the context of many risks surrounding both supply and demand.
According to analysts, this trend continues as the market receives information about the possibility that the Organization of the Petroleum Exporting Countries and its allies (OPEC +) will discuss increasing production beyond 411,000 barrels/day in July, at a separate meeting on May 31. Tariff measures are also creating significant pressure, causing oil prices to weaken.
According to JPMorgan, oil prices may fluctuate around $75-80/barrel in the short term, but are likely to fall sharply to $70 or lower by the end of the year if supply exceeds demand. ING believes that OPEC+ will maintain production increases at least until the end of the third quarter to maintain market share.
In addition, data from the US showed that gasoline and distillate inventories continued to fall sharply, a signal that supports prices in the short term, but is not enough to change the broader trend.
Domestic gasoline prices today June 2, 2025
Domestic retail gasoline prices on June 2, 2025 will be applied according to the adjustment session from 3:00 p.m. on May 29 by the Ministry of Finance - Ministry of Industry and Trade.
| Item | Price (VND/liter/kg) | Difference from previous period |
| E5 RON 92 gasoline | 19,196 | +74 |
| RON 95 gasoline | 19,565 | +33 |
| Diesel | 17,136 | -269 |
| Oil | 17,108 | -206 |
| Fuel oil | 16,264 | -248 |
Specifically, the price of E5 RON 92 gasoline increased by 74 VND/liter, to 19,196 VND/liter; RON 95 gasoline increased by 33 VND/liter, to 19,565 VND/liter.
Price of diesel 0.05S: Decreased by 269 VND/liter, down to 17,136 VND/liter; kerosene decreased by 206 VND/liter, down to 17,108 VND/liter; fuel oil 180CST 3.5S decreased by 248 VND/kg, down to 16,264 VND/kg.
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| Gasoline prices today June 2, 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 to now, domestic gasoline prices have undergone 22 adjustment sessions, including 9 decrease sessions, 8 increase sessions and 5 opposite sessions.
Source: https://congthuong.vn/gia-xang-dau-hom-nay-02062025-tuan-giam-thu-hai-lien-tiep-390358.html
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