Gasoline price today May 14, 2025: Continuing the upward trend

Oil prices today May 14, 2025: US crude oil futures rose more than $1 per barrel, after the White House announced plans for Saudi Arabia to invest $600 billion in the US economy .

Gasoline price today May 14, 2025

Recorded on Oilprice at 4:30 a.m. on May 14, 2025 (Vietnam time), Brent oil price was at 65.92 USD/barrel, up 1.46% (equivalent to an increase of 0.95 USD/barrel).

Brent oil price on the world market early morning of May 14, 2025 (Vietnam time)

Similarly, WTI oil price was at 62.99 USD/barrel, up 1.71% (equivalent to an increase of 1.06 USD/barrel).

WTI oil price on the world market in the early morning of May 14, 2025 (Vietnam time)

Earlier, both Brent and WTI crude oil rose more than 4% in the first session of the week, after the US and China agreed to deeply cut import tariffs for at least 90 days, a development that also contributed to the rise of Wall Street stocks and the USD.

US President Donald Trump is visiting Saudi Arabia on Tuesday as part of a Middle East tour, where the US also announced a $142 billion defense deal with Riyadh.

Part of Saudi Arabia's new investment package will go to Saudi Aramco's Motiva petrochemical complex in Port Arthur, Texas.

The Organization of the Petroleum Exporting Countries (OPEC) has raised output more than expected since April, with May output expected to rise by about 411,000 barrels per day.

Meanwhile, sources told Reuters that Saudi Arabia’s crude oil supplies to China will remain stable in June, after hitting their highest level in more than a year last month thanks to OPEC+’s decision to increase output. Saudi Arabia is currently China’s second-largest crude oil supplier after Russia.

On the demand side, signs generally suggest that demand for refined fuels remains strong.

“Despite the worsening outlook for crude oil consumption, the positive signals from the refined products market cannot be ignored. Although international crude oil prices have fallen 22% since their peak on January 15, refined product prices and refining margins have remained stable,” JPMorgan analysts wrote in a note.

JPMorgan further noted that refining capacity cuts, mainly in the US and Europe, are tightening gasoline and diesel markets, leading to greater reliance on imports and leaving the market vulnerable to unexpected price spikes during maintenance seasons or due to unplanned outages.

Domestic gasoline prices today May 14, 2025

Domestic retail gasoline prices on May 14, 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 14, 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-14052025-noi-dai-da-tang-387439.html