Gasoline prices today, May 5, 2025: Domestic gasoline prices are expected to reverse and decrease after a session of increase. If the Price Stabilization Fund is not affected, gasoline prices may decrease by 130-480 VND/liter and diesel prices may decrease by 180-380 VND/liter.
Gasoline price today 05/05/2025
Recorded on Oilprice at 4:30 a.m. on May 5, 2025 (Vietnam time), Brent oil price was at 61.45 USD/barrel, down 1.35% (equivalent to a decrease of 0.84 USD/barrel).
 |
| Brent oil price on the world market early morning of May 5, 2025 (Vietnam time) |
Similarly, WTI oil price was at 58.38 USD/barrel, down 1.60% (equivalent to a decrease of 0.95 USD/barrel).
 |
| WTI oil price on the world market early morning of May 5, 2025 (Vietnam time) |
Oil prices continued to fall last week due to concerns about weakening global demand amid a strong supply outlook, according to Oilprice. With a drop of more than 8% for Brent and a drop of about 7.7% for WTI, oil prices extended last week's decline. However, this week's slide was about four times longer.
Data showed the US economy contracted in the first quarter, while activity data in China showed the manufacturing sector was shrinking.
In addition, US job growth slowed slightly in April, with nonfarm payrolls rising by 177,000 last month, down from a revised 185,000 in March. It is still too early for the labor market to see the impact of Mr. Trump’s ever-changing tariff policies.
"The market is now completely dependent on OPEC, even the tariff war is no longer an important issue," said energy expert Scott Shelton of United ICAP.
Earlier, Reuters reported that officials from Saudi Arabia, the de facto leader of OPEC+, had told allies and industry experts that they did not want to support the oil market by cutting supply further.
OPEC+ is cutting production by more than 5 million barrels per day.
Domestic gasoline prices today, May 5, 2025
Domestic retail gasoline prices on May 5, 2025 will be applied according to the adjustment session from 3:00 p.m. on April 24 by the Ministry of Finance - Ministry of Industry and Trade.
| Item | Price (VND/liter/kg) | Difference from previous period |
| E5 RON 92 gasoline | 19,238 | +740 |
| RON 95 gasoline | 19,638 | +782 |
| Diesel | 17,520 | +487 |
| Oil | 17,715 | +531 |
| Fuel oil | 16,524 | +564 |
Specifically, the price of E5 RON 92 gasoline increased by VND740/liter, to VND19,238/liter; RON 95 gasoline increased by VND782/liter, to VND19,638/liter.
Similarly, the price of diesel 0.05S: Increased by 487 VND/liter, to 17,520 VND/liter; kerosene increased by 531 VND/liter, to 17,715 VND/liter; mazut 180CST 3.5S increased by 564 VND/kg, to 16,524 VND/kg.
 |
| Gasoline prices today May 4, 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 17 adjustment sessions, including 7 decrease sessions, 7 increase sessions and 3 opposite sessions.
Source: https://congthuong.vn/gia-xang-dau-hom-nay-05052025-co-the-quay-dau-giam-386004.html
![[Photo] National Conference "100 years of Vietnamese Revolutionary Press accompanying the glorious cause of the Party and the nation"](https://vphoto.vietnam.vn/thumb/1200x675/vietnam/resource/IMAGE/2025/5/30/1cf6cd5c8a934ebfa347028dcb08358c)
![[Photo] General Secretary To Lam receives Chief of the Central Office of the Lao People's Revolutionary Party](https://vphoto.vietnam.vn/thumb/1200x675/vietnam/resource/IMAGE/2025/5/30/140435f4b39d4599a3d17975dfb444c5)
![[Photo] Journalists moved to tears at the Memorial Service for the soldiers who died in Gac Ma](https://vphoto.vietnam.vn/thumb/1200x675/vietnam/resource/IMAGE/2025/5/30/9454613a55c54c16bf8c0efa51883456)
Comment (0)