Gasoline price today 05/11/2025: Up 4% after 1 week

Gasoline and oil prices today, May 11, 2025: World gasoline and oil prices increased sharply today and recorded the first weekly increase since mid-April after optimistic signals appeared in the new situation.

Gasoline price today 05/11/2025

Recorded on Oilprice at 4:30 a.m. on May 11, 2025 (Vietnam time), Brent oil price was at 63.88 USD/barrel, up 1.70% (equivalent to an increase of 1.07 USD/barrel).

Brent oil price on the world market early morning of May 11, 2025 (Vietnam time)

Similarly, WTI oil price was at 61.06 USD/barrel, up 1.85% (equivalent to an increase of 1.11 USD/barrel).

WTI oil price on the world market early morning of May 11, 2025 (Vietnam time)

Last week, the world oil market witnessed mixed sessions of ups and downs, between concerns about India-Pakistan tensions and supply, along with optimism about trade negotiations. Overall, world oil prices increased by more than 4% for the week, marking the first weekly increase since mid-April.

In the first session of the week on May 5, oil prices fell to their lowest level in more than 4 years, due to the decision to accelerate the rate of production increase by the Organization of the Petroleum Exporting Countries (OPEC) and its allied oil-producing countries, also known as OPEC+, which raised concerns about the possibility of increased supply while the demand outlook is uncertain.

Oil prices gained ground on Thursday, buoyed by a series of positive signs for the market, including higher demand in Europe and China, the prospect of lower U.S. production, tensions in the Middle East and renewed buying activity after prices fell to their lowest in more than four years.

Analysts at energy consultancy Ritterbusch and Associates said the market may be seeing some bottom-fishing activity as oil prices fall, a key factor contributing to the recovery in oil prices this session.

After falling in the session on May 7, oil prices rose sharply by about 3% in the session on May 8, thanks to hopes of new progress in trade negotiations between the US and China - the world's two largest oil consuming countries. According to expert Ole Hvalbye of SEB bank, the optimistic sentiment surrounding the negotiations between the US and China is supporting oil prices.

Oil prices continued to rise nearly 2% in the last session of the week on May 10 after the US-UK trade agreement made investors more optimistic ahead of negotiations between senior officials from the US and China.

Domestic gasoline prices today May 11, 2025

Domestic retail gasoline prices on May 11, 2025 will be applied according to the adjustment session from 3:00 p.m. on May 8 by the Ministry of Finance - Ministry of Industry and Trade.

Item	Price (VND/liter/kg)	Difference from previous period
E5 RON 92 gasoline	18,777	-377
RON 95 gasoline	19,179	-407
Diesel	16,809	-550
Oil	16,941	-623
Fuel oil	15,533	-665

Specifically, the price of E5 RON 92 gasoline decreased by VND377/liter, down to VND18,777/liter; RON 95 gasoline decreased by VND407/liter, down to VND19,179/liter.

The price of 0.05S diesel oil decreased by VND550/liter, down to VND16,809/liter; kerosene oil decreased by VND623/liter, down to VND16,941/liter; the price of 180CST 3.5S mazut oil decreased by VND665/kg, down to VND15,533/kg.

Gasoline prices today May 11, 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 19 adjustment sessions, including 9 decrease sessions, 7 increase sessions and 3 opposite sessions.

Ngoc Hung

Source: https://congthuong.vn/gia-xang-dau-hom-nay-11052025-tang-4-sau-1-tuan-387027.html