Gasoline price today (April 15): Maintains slight increase

World oil prices

Oil prices ended the first trading session of the week slightly higher, supported by news that some electronic devices were exempted from US tariffs and data showing China's crude imports increased sharply in March. Oil's gains were limited by concerns that the trade war could weaken global economic growth and reduce fuel demand.

Oil prices rose slightly in the first trading session of the week. Illustration photo: Reuters

Brent crude rose 12 cents, or 0.19%, to $64.88 a barrel. WTI crude rose 3 cents, or 0.05%, to $61.53 a barrel.

The Trump administration has exempted smartphones, computers and other electronics imported mainly from China from high tariffs, Reuters reported late on April 11. This is the latest in a series of policy announcements that have been imposed and then canceled, causing uncertainty for investors and businesses.

Two days later, Mr. Trump said he would announce tariffs on semiconductors imported into the US this week.

According to data released on April 14, in March, China's crude oil imports recovered strongly compared to the previous two months and increased by nearly 5% compared to the same period last year, thanks to oil from Iran and a recovery in Russian deliveries.

This slight increase in oil prices is just a drop in the bucket compared to the nearly $10 that the two benchmark oil commodities Brent and WTI have “lost” since the beginning of this month.

Analysts have lowered their oil price forecasts as the trade war between the world's two largest economies, the US and China, escalates.

In its latest monthly report, OPEC said global oil demand would grow by 1.3 million barrels per day (bpd) this year, down 150,000 bpd from last month's forecast, citing trade tariffs as one of the factors driving the decline.

"OPEC cutting its global demand forecast just adds to the uncertain outlook we're facing with tariffs and all the other uncertainties in the market," said John Kilduff, partner at Again Capital. Markets are still analyzing the impact of tariffs and the escalation of tariffs on China, Kilduff said.

Analysts have lowered their oil price forecasts for this year and next. Illustration photo: Reuters

Meanwhile, Goldman Sachs expects Brent crude oil prices to average $63/barrel and WTI crude oil prices to average $59/barrel in the remaining months of 2025, and prices to reach $58/barrel and $55/barrel, respectively, next year.

Analysts at Goldman Sachs noted that global oil demand in the fourth quarter of 2025 increased by only 300,000 barrels per day compared to the same period last year, while emphasizing that demand for petrochemical feedstocks decreased most significantly.

Similarly, UBS cut its Brent price forecast to $68 a barrel, down $12 a barrel, and expects WTI to trade at $64 a barrel. JPMorgan also lowered its oil price forecast for this year and next, citing higher OPEC+ production and weaker demand.

Domestic gasoline prices

Domestic retail prices of gasoline on April 15 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.

MAI HUONG

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Source: https://baodaknong.vn/gia-xang-dau-hom-nay-15-4-giu-da-tang-nhe-249379.html