Gasoline price today 05/13/2025: Increased

Oil prices today, May 13, 2025: Oil prices jumped about 4% after the US and China announced they would reduce some tariffs, raising hopes of an end to the trade war between the world's two largest crude oil consumers.

Gasoline price today May 13, 2025

Recorded on Oilprice at 4:30 a.m. on May 13, 2025 (Vietnam time), Brent oil price was at 65.37 USD/barrel, up 2.28% (equivalent to an increase of 1.46 USD/barrel).

Brent oil price on the world market early morning of May 13, 2025 (Vietnam time)

Similarly, WTI oil price was at 62.49 USD/barrel, up 2.39% (equivalent to an increase of 1.46 USD/barrel).

WTI oil price on the world market in the early morning of May 13, 2025 (Vietnam time)

On Monday, the U.S. and China announced they had reached an interim deal after talks in Geneva over the weekend. The two sides agreed to suspend tariffs for 90 days and reduce tariffs from more than 100 basis points to a base rate of 10%.

“The easing of tensions between the US and China will help limit the negative economic impact if the trade war continues, thereby bringing a better demand outlook for the oil market,” said analyst Ole Hansen from Saxo Bank.

The Geneva meetings marked the first face-to-face meeting between senior US and Chinese economic officials since President Donald Trump returned to power and unleashed a series of tariffs on global trading partners. Positive exchanges between the world’s two largest economies could help revive bilateral trade, boosting global oil demand.

Callum Macpherson, head of commodities at Investec, said: “Although it is still early days, the fact that the two sides reached a consensus over the weekend is a positive sign rather than a lack of agreement. So it is no surprise that oil prices are rising.”

Both oil benchmarks rose more than 4% last week, after the US signed a trade deal with the UK – a move that raised investor hopes that economic disruption from US tariffs could be limited.

Domestic gasoline prices today May 13, 2025

Domestic retail gasoline prices on May 13, 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 13, 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-13052025-bat-tang-387270.html