Gasoline price today June 11: How much does domestic gasoline increase?

On the morning of June 11th, oil prices edged lower slightly, with Brent crude falling by $0.17 per barrel, or 0.3%, to $66.87 per barrel; and WTI crude falling by $0.31 per barrel, or 0.5%, to $64.98 per barrel.

Following two days of high-level talks in London, the United States and China reached a key framework agreement, opening up new prospects for resolving trade disputes between the world's two leading economies . Analysts believe a trade deal between the US and China could boost oil prices by supporting global economic growth and increasing demand for oil.

However, analysts believe that the upward trend in oil prices in previous sessions appears to be technical in nature, and such gains could easily weaken without new positive news.

Gasoline prices are set for another increase. PHOTO: D.NT

Notably, Reuters also quoted US Commerce Secretary Howard Lutnick as saying that negotiations had reached an agreement with China on a trade framework and implementation plan. This would help address the current restrictions on the export of rare earth elements and magnets.

In other developments, according to Reuters, Saudi Arabia's Saudi Aramco oil company will ship approximately 47 million barrels of oil to China in July, a decrease of 1 million barrels compared to June's supply. This could be an initial sign that OPEC+ is easing production cuts, although a further increase in supply may not occur.

Domestically, on the morning of June 11th, several major fuel distributors predicted that gasoline and diesel prices could increase across the board in tomorrow's price adjustment (June 12th). The estimated increase is between 200 and 300 VND/liter. Specifically, the price of RON95 gasoline could increase by 300 VND/liter. This forecast does not include the Fuel Price Stabilization Fund.

The Vietnam Petroleum Institute also forecasts an increase in gasoline and diesel prices. The increase for gasoline is expected to be between 0.9% and 1.1%; the increase for other oil products is projected to range from 1.3% to 1.8%. Furthermore, the inter- ministerial committee of the Ministry of Finance and the Ministry of Industry and Trade is expected to continue not allocating or utilizing the Gasoline and Diesel Price Stabilization Fund.

According to Thanh Nien Newspaper

Source: https://thanhnien.vn/gia-xang-dau-hom-nay-1162025-xang-trong-nuoc-tang-the-nao-185250611083456699.htm

Source: https://baolongan.vn/gia-xang-dau-hom-nay-11-6-xang-trong-nuoc-tang-the-nao-a196874.html