Gasoline prices today (October 14): Regaining green color

World oil prices have rebounded thanks to efforts to ease US-China trade tensions. Domestically, gasoline prices have been adjusted down across the board.

World oil prices

World oil prices regained green in the first trading session of the week (October 13), after US President Donald Trump confirmed that he will meet Chinese President Xi Jinping at the end of October, a move that helps ease trade tensions between the world's two largest economies .

According to Reuters, at the end of the trading session, Brent oil price increased by 0.59 USD, equivalent to 0.9%, to 63.32 USD/barrel. Meanwhile, WTI oil price also increased by 0.59 USD, equivalent to 1%, to 59.49 USD/barrel.

Both oil prices fell about 4% in the final trading session of last week, to their lowest levels since May 2025, after Mr. Trump threatened to cancel a meeting with Chinese President Xi Jinping and impose new high tariffs on imports from China.

However, US Treasury Secretary Scott Bessent said the meeting between the two leaders is still planned to be held in South Korea later this month, revealing that the two sides had many significant exchanges over the weekend. “We have significantly reduced tensions,” Mr. Bessent said in an interview with Fox Business Network.

World oil prices continued to increase in the trading session on October 13. Illustration photo: Premiumtimesng

The sell-off has been contained for now thanks to goodwill from both Washington and Beijing, according to DBS analyst Suvro Sarkar. However, the short-term outlook still depends on the final outcome of the trade talks. Oil prices had previously plunged in March and April when trade tensions between the two countries were high.

“Any decline in international trade could have a negative impact on oil prices,” PVM Energy experts said.

On the demand side, China's customs data showed that the country's crude oil imports in September increased 3.9% year-on-year to 11.5 million barrels per day.

Meanwhile, the Organization of the Petroleum Exporting Countries (OPEC) maintained its forecast for global oil demand growth at a high level this year and next. In its monthly report released on Monday (October 13), OPEC said the oil market could only be in a slight deficit by 2026 as the OPEC+ group continues to increase production.

However, the prospect of peace in the Middle East has somewhat limited the upside for oil prices. The Hamas militant group has released the last 20 Israeli hostages under a US-brokered ceasefire, which President Trump described as the “historic dawn of a new Middle East” after two years of conflict in Gaza. However, traders are cautiously waiting for real stability before adjusting their expectations for oil prices.

“The oil market remains skeptical, as evidenced by the price action. Despite the positive signals from the ceasefire agreement, investors are still waiting for clearer evidence of the possibility of maintaining long-term peace before making a decision,” said experts from PVM Energy.

Domestic gasoline prices

Domestic retail prices of gasoline on October 14 are as follows:

- E5RON92 gasoline: No higher than 19,138 VND/liter
- RON95-III gasoline: No higher than VND 19,729/liter
- Diesel 0.05S: Not higher than 18,604 VND/liter
- Kerosene: Not higher than 18,434 VND/liter
- Mazut oil 180 CST 3.5S: Not higher than 14,808 VND/kg

The Ministry of Industry and Trade and the Ministry of Finance have just decided on retail prices of gasoline and oil from 3 p.m. on October 9. Accordingly, gasoline and oil prices have decreased simultaneously. Specifically, the price of E5RON92 gasoline decreased by 486 VND/liter, RON95-III gasoline decreased by 480 VND/liter, diesel oil decreased by 434 VND/liter, kerosene decreased by 571 VND/liter and mazut oil decreased by 562 VND/kg.

In this operating 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 fuel oil.

Source: https://baolangson.vn/gia-xang-dau-hom-nay-14-10-lay-lai-sac-xanh-5061759.html