Vietnam.vn - Nền tảng quảng bá Việt Nam

Gasoline prices today, July 11: Sharp decline due to US tariff policy

US President Donald Trump's announcement that he could impose a 50% tax on goods from Brazil has caused oil prices to plummet. Meanwhile, domestic gasoline prices have just been adjusted up across the board.

Báo Long AnBáo Long An11/07/2025

On the morning of July 11, oil prices fell more than 2% as the market reacted to new US tariff policies, raising concerns about global economic growth. Specifically, Brent oil prices fell by 1.3 USD, equivalent to 1.85%, to 68.89 USD/barrel; WTI oil fell by 1.47 USD, equivalent to 2.15%, to 66.91 USD/barrel.

According to Reuters, the decline came after US President Donald Trump announced that he could impose tariffs of up to 50% on goods from Brazil, in order to put pressure on his Brazilian counterpart Luiz Inacio Lula da Silva. Not only Brazil, US President Donald Trump's administration is also preparing to impose tariffs on goods such as copper, semiconductors and pharmaceuticals from a series of countries such as the Philippines, Iraq, South Korea and Japan... which are major trading partners of the US.

According to analysts, policy instability makes market reactions difficult to predict and investors often choose to wait.

Giá xăng dầu hôm nay 11.7.2025: Đảo chiều giảm mạnh trước chính sách thuế quan Mỹ- Ảnh 1.

Domestic and world oil prices fluctuate in opposite directions today. PHOTO: PHAM HUU

In other developments, according to the minutes of the US Federal Reserve's monetary policy meeting, only a few opinions supported cutting interest rates in July. Along with that, the Organization of the Petroleum Exporting Countries and its allies (OPEC+) is expected to approve a plan to increase production significantly in September, after ending voluntary cuts from member countries. However, according to Phil Flynn, senior analyst at Price Futures Group, OPEC+ may pause the production increase in October if demand peaks.

Domestically, after a week of sharp declines, yesterday afternoon (July 10), the Ministry of Finance - Industry and Trade adjusted up a series of petroleum products. Specifically, E5 RON92 gasoline increased by 214 VND/liter, RON95-III gasoline increased by 184 VND/liter; other types of oil also increased from 239 VND/liter - 429 VND/liter, especially 180CST 3.5S fuel oil decreased by 244 VND/kg compared to the current base price.

This time, the joint ministries also did not set aside or use the Price Stabilization Fund for petroleum products. On the morning of July 11, after adjustment, the common retail prices of petroleum on the market were as follows: E5 RON92 gasoline was not higher than VND19,659/liter; RON95-III gasoline was not higher than VND20,090/liter; 0.05S diesel was not higher than VND18,837/liter; kerosene was not higher than VND18,371/liter; 180CST 3.5S fuel oil was not higher than VND15,563/kg./.

According to Thanh Nien Newspaper

Source: https://thanhnien.vn/gia-xang-dau-hom-nay-1172025-dao-chieu-giam-manh-truoc-chinh-sach-thue-quan-my-185250711082227517.htm

Source: https://baolongan.vn/gasoline-price-hom-nay-11-7-dao-chieu-giam-manh-truoc-chinh-sach-thue-quan-my-a198530.html


Comment (0)

No data
No data

Same tag

Same category

Stunningly beautiful terraced fields in Luc Hon valley
'Rich' flowers costing 1 million VND each are still popular on October 20th
Vietnamese Films and the Journey to the Oscars
Young people go to the Northwest to check in during the most beautiful rice season of the year

Same author

Heritage

Figure

Enterprise

Young people go to the Northwest to check in during the most beautiful rice season of the year

News

Political System

Destination

Product