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

The global crude oil market is trading quite slowly despite basic information from the US-China trade negotiations. Meanwhile, data shows that domestic gasoline prices may increase across the board this week.

On the morning of June 11, oil prices fell slightly, Brent oil decreased by 0.17 USD/barrel, equivalent to 0.3%, to 66.87 USD/barrel; WTI oil decreased by 0.31 USD/barrel, equivalent to 0.5%, to 64.98 USD/barrel.

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

However, analysts said the upward trend in oil prices in previous sessions appeared to be technical and such gains could easily weaken in the absence of fresh positive news.

Gasoline prices are about to increase again. PHOTO: D.NT

Notably, Reuters also quoted US Commerce Secretary Howard Lutnick as saying that negotiations had been reached with China on a trade framework and implementation plan that would help resolve the current export restrictions on rare earths and magnets.

In another development, according to Reuters, Saudi Arabia's oil giant Saudi Aramco will ship about 47 million barrels of oil to China in July, down 1 million barrels from June's supply. This could be an early sign that OPEC+ is easing production cuts, and an increase in supply may not happen.

Domestically, on the morning of June 11, some key traders predicted that gasoline prices in the adjustment period tomorrow afternoon (June 12) may increase simultaneously. The estimated increase ranges from 200 - 300 VND/liter. Of which, RON95 gasoline prices may increase by 300 VND/liter. This forecast does not include the Gasoline Price Stabilization Fund.

The Vietnam Petroleum Institute also forecasts that gasoline prices will increase. The increase for gasoline prices will range from 0.9 to 1.1%; the increase for oil products will range from 1.3 to 1.8% and the joint forecast of the Ministry of Finance and the Ministry of Industry and Trade will continue not to set aside or use the Petroleum 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