In the domestic market, the selling price of gasoline today is applied according to the price at the afternoon session of June 1 of the inter-Ministry of Finance - Industry and Trade.
Specifically, the price of RON 95 gasoline is 22.010 VND/liter. The price of gasoline E5 RON 92 increased to 20.870 VND / liter. The price of diesel oil fell to 17.940 VND/liter. The price of kerosene fell to 17.770 VND/liter.
On the world market, gasoline prices today (June 10) declined due to the impact of many factors.
On June 9, the world oil price fell sharply. Brent oil price has reached 6 USD/barrel.
Data from Oilprice said, at 9:57 am on June 9 (Vietnam time), the price of Brent oil traded at 6 USD/barrel, down 75,49 USD, equivalent to 0,47% compared to the previous session. And WTI oil price was at 0,62 USD/barrel, down 70,84 USD, equivalent to 0,45% compared to the previous session.
By 20:21′ on June 9 (Vietnam time), the price of Brent oil was at 6 USD/barrel, down 75,83 USD, equivalent to 0,13% compared to the previous session. And WTI oil price was at 0,17 USD/barrel, down 71,2 USD, equivalent to 0,09% compared to the previous session.
Petrol prices weakened (Image: Getty)
Analysts said that oil prices weakened due to the impact of many factors, such as: the increase in US gasoline inventories, the slow recovery of the economy in China while the US and Iran have not yet reached a nuclear agreement.
Gasoline prices went down after news that US gasoline inventories increased. According to a report by the US Energy Information Administration (EIA), last week, US gasoline inventories increased by 2,8 million barrels, higher than expected. This raises concerns about dwindling US fuel demand, while the peak summer driving season is underway.
Meanwhile, the economy of China - the world's top oil importer - is still recovering quite slowly.
Data from China's National Bureau of Statistics showed that the country's consumer price index (CPI) in May increased by 5 percent year-on-year, lower than experts' forecast for a 0,2 percent increase. The producer price index (PPI) decreased by 0,3% over the same period last year. That shows that China's consumption and production activities are still quite weak. This will put pressure on oil prices.
In addition, the fact that the US and Iran have not yet reached a nuclear agreement also caused oil prices to drop. Before that, there was information
The United States will lift sanctions on Iran for oil exports, and Tehran will limit its nuclear program by reducing uranium enrichment. But both the US and Iran later denied that they were close to a nuclear deal.
However, the oil market also received few signals about the bullish outlook.
Some investors expect oil prices to increase if the US Federal Reserve (Fed) will not raise interest rates at its meeting on June 13-14.
Demand in India, the world's third largest oil importer, also showed positive signs. In the last month, diesel sales in India were up 3% from a year earlier.
In addition, voluntary production cuts from the Organization of the Petroleum Exporting Countries and its allies (OPEC+) have the potential to create a deficit in oil supply and possibly push oil prices higher.
