Gasoline price today (April 12): Recovery - Lang Son Newspaper and Radio and Television Station

World oil prices increased by more than 2% in the last trading session of the week. Domestic oil prices have also decreased sharply.

World oil prices

At the end of the last trading session of the week (April 11), oil prices increased by more than 1 USD, supported by information from US Energy Secretary Chris Wright saying that the US could block Iran's oil exports as part of President Donald Trump's plan to pressure Tehran over its nuclear program.

Oil prices regained green in the last trading session of the week. Illustration photo: Reuters

Brent crude oil prices increased by 1.43 USD, equivalent to 2.26%, to 64.76 USD/barrel. WTI crude oil prices also increased by 1.43 USD, equivalent to 2.38%, to 61.5 USD/barrel.

Strict enforcement of restrictions on Iranian crude oil exports would reduce global supplies, said Andrew Lipow, president of Lipow Oil Associates.

Wright’s comments provided a boost to oil prices, after a week of sharp price swings. Trump’s new tariffs have forced traders to reassess the geopolitical risks facing the crude market.

The US becoming a geopolitical risk is something that is really new to the market, according to John Kilduff, partner at Again Capital. "We will have a reshuffling of the board like we did after Russia launched a special military operation in Ukraine."

Regarding tariffs, on April 11, China announced that it would impose a 125% tariff on US goods, starting April 12, an increase of 41% compared to the previously announced rate. This announcement by China came one day after Mr. Trump increased tariffs on imported goods from China to 145%.

Although some tariffs, except for those on China, have been delayed by 90 days, the damage to the market has already been done, making it difficult for prices to stabilize again, said Ole Hansen, head of commodity strategy at Saxo Bank.

The U.S. Energy Information Administration has cut its global economic growth forecast and warned that tariffs could put significant pressure on oil prices. The agency has lowered its forecast for U.S. and world oil demand this year and next.

Oil prices fluctuate strongly in each trading session. Illustration photo: Oilprice

China's economic growth is expected to slow from last year's pace in 2025, a Reuters poll showed, as US tariffs increase pressure on the world's top oil importer.

The impact of tariffs could be “catastrophic” for developing countries, the head of the UN trade agency said.

ANZ Bank analysts forecast oil consumption would fall by 1% if global economic growth falls below 3%.

Domestic retail prices of gasoline on April 12 are as follows:

E5 RON 92 gasoline is not more than 18,882 VND/liter.

RON 95-III gasoline is not more than 19,207 VND/liter.

Diesel oil not more than 17,243 VND/liter.

Kerosene not more than 17,413 VND/liter.

Fuel oil not exceeding 15,902 VND/kg.

The above domestic retail prices of gasoline and oil were adjusted by the Ministry of Finance - Industry and Trade in the price management session on the afternoon of April 10. As expected, due to the shocking drop in world gasoline and oil prices last week, domestic gasoline and oil prices also dropped sharply. Gasoline products decreased the most with the price of RON 95-III gasoline decreasing by VND 1,712/liter, E5 RON 92 gasoline decreasing by VND 1,491/liter. Among oil products, kerosene decreased the most, VND 1,322/liter, followed by diesel oil decreasing by VND 1,235/liter and fuel oil decreasing by VND 1,124/kg.

In this management period, the joint ministries continue not to set aside or use the Petroleum Price Stabilization Fund for E5 RON 92 gasoline, RON 95 gasoline, diesel oil, kerosene, and fuel oil.

Source: https://baolangson.vn/gia-xang-dau-hom-nay-12-4-phuc-hoi-5043816.html