Gasoline price today (April 14): Maintains red color - Lang Son Newspaper and Radio and Television Station

World oil prices

Last week, the market witnessed an escalation in the trade war between the US and China as the world's two largest economies continuously raised tariffs on each other's exports.

According to Oilprice, at 5:30 a.m. on April 14 (Vietnam time), Brent and WTI oil prices both decreased slightly. Illustration: Business Today

After announcing that the US would impose a 104% tariff on China from April 9, US President Donald Trump quickly raised the tariff on imported goods from Beijing to 125% in response to the 84% tariff that Beijing applied to US exports from April 10.

Wong Kok Hoi, founder and chief executive officer of APS Asset Management in Singapore, said he never expected tariffs to rise as high as 125%. “Basically, trade between the world’s two largest economies will stop,” said Wong Kok Hoi.

While gradually increasing tariffs on China, the White House chief announced a 90-day pause on high tariffs on most other countries.

According to Reuters, within a few hours, the market was constantly shaken. Mr. Trump stunned the world when he announced a temporary suspension of higher bilateral tariffs, maintaining a general 10% tax on imports and increasing tariffs again on China.

After two sessions of decline at the beginning of the week due to concerns about the escalating US-China trade war, oil prices have rebounded, climbing more than 4%, recovering from a shocking drop of nearly 7% in early trading on Tuesday of last week when President Trump announced a temporary suspension of high bilateral tariffs, except for China.

By the end of the trading week, tariffs on Chinese exports to the US had risen to 145%. China also imposed a 125% tariff on US goods from April 12.

Traders will also focus on U.S. retail sales data for March this week to shed light on the health of the U.S. consumer, but they may ignore the report to some extent because it covers the period before Trump’s April 2 tariff announcement, which has rattled markets for nearly two weeks.

The deepening trade war between the US and China continues to have a strong impact on oil prices. Illustration photo: Reuters

A survey late last week showed U.S. consumer sentiment fell sharply in April and 12-month inflation expectations rose to their highest level since 1981 amid worries about escalating trade tensions.

The market will also remain sensitive to developments on the trade front, with investors hoping for evidence of progress between the U.S. and countries where Mr. Trump has suspended major tariffs for 90 days.

The deepening trade war between Washington and Beijing will also remain in focus. “China talks remain a key driver for markets,” Citi strategists said in a note.

Domestic gasoline prices

Domestic retail prices of gasoline on April 14 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 will be adjusted by the Ministry of Finance and the Ministry of Industry and Trade in the price management session on the afternoon of April 17. Due to the decrease in world gasoline and oil prices last week, domestic gasoline and oil prices may continue to decrease slightly. However, prices may turn to increase if world gasoline and oil prices increase in the first trading sessions of this week.

In the most recent price adjustment, the price of E5 RON 92 gasoline decreased by VND 1,491/liter, RON 95-III gasoline decreased by VND 1,712/liter, diesel decreased by VND 1,235/liter, kerosene decreased by VND 1,322/liter, and fuel oil decreased by VND 1,124/kg.

Source: https://baolangson.vn/gia-xang-dau-hom-nay-14-4-duy-tri-sac-do-5043904.html