Gasoline price today July 16: Still decreasing

At 6:20 a.m. on July 16, WTI oil price stood at 66.81-66.93 USD/barrel, down 0.12 USD/barrel, US Brent oil price was 68.93-69.21 USD/barrel, down 0.28 USD/barrel.

Oil prices fell as investors weighed fresh threats from US President Donald Trump of sanctions against Russian oil buyers, which could impact global supplies.

Mr Trump announced new arms supplies to Ukraine and threatened to impose sanctions on buyers of Russian exports unless Russia agreed to a peace deal within 50 days.

World oil prices continue to fall. (Illustration photo)

Last week, Mr Trump said he expected to make a “major statement” about Russia on Monday, after expressing frustration with Russian President Vladimir Putin over a lack of progress in ending the war in Ukraine.

Russia's seaborne oil product exports in June fell 3.4 percent from May to 8.98 million tonnes, data from industry sources and Reuters calculations showed.

Investors are also watching the outcome of US tariff talks with key trading partners.

The European Union (EU) and South Korea said on Monday they are discussing trade deals with the United States to ease the impact of upcoming tariffs as Washington threatens to impose heavy tariffs from August 1.

Domestic gasoline prices

During the operating period on July 10, the price of E5 RON92 gasoline increased by VND214/liter, not higher than VND19,659/liter; the price of RON95 gasoline increased by VND184/liter, not higher than VND20,090/liter.

Prices of various types of oil were adjusted in opposite directions, specifically, diesel price increased by 429 VND/liter, not higher than 18,837 VND/liter. Kerosene price increased by 239 VND/liter, not higher than 18,371 VND/liter.

Fuel oil price alone decreased by 244 VND/kg, not higher than 15,563 VND/kg.

In this operating period, the management agency continues to not set aside or spend the gasoline price stabilization fund.

Since the beginning of 2025, domestic gasoline prices have undergone 27 adjustment sessions, including 10 decrease sessions, 12 increase sessions and 5 opposite sessions.

Source: https://baolangson.vn/gia-xang-dau-hom-nay-16-7-chua-ngung-giam-5053312.html