Gasoline price today May 17, 2025: Under pressure from supply

Oil prices today 05/17/2025: Oil prices rose slightly and are on track to record a second consecutive weekly gain, thanks to signs of easing trade tensions between the US and China. However, optimism was somewhat tempered by the prospect of increased supply from Iran and the OPEC+ alliance.

Gasoline price today May 17, 2025

Recorded on Oilprice at 4:30 a.m. on May 17, 2025 (Vietnam time), Brent oil price was at 65.30 USD/barrel, up 1.19% (equivalent to an increase of 0.77 USD/barrel).

Brent oil price on the world market early morning of May 17, 2025 (Vietnam time)

Similarly, WTI oil price was at 62.44 USD/barrel, up 1.33% (equivalent to an increase of 0.82 USD/barrel).

WTI oil price on the world market in the early morning of May 17, 2025 (Vietnam time)

“The excitement from the progress in US-China relations has helped oil prices recover. However, OPEC+ is accelerating the pace of withdrawing voluntary production cuts, while the US-Iran nuclear negotiations continue, causing oil from Iran to continue to flow to China,” said Harry Tchiliguirian, head of research at Onyx Capital Group.

US President Donald Trump said Washington was close to a nuclear deal with Iran and that Tehran had “somewhat” agreed to the terms. But a source familiar with the matter said there were still many sticking points. If a nuclear deal and sanctions were lifted, Iran could increase its oil production by around 400,000 barrels per day, according to analysts at ING.

Investor sentiment improved this week after the United States and China, the world’s two largest economies and oil consumers, agreed to a 90-day truce in their trade war, during which they will sharply reduce tariffs on each other’s goods.

However, experts at BMI, a unit of Fitch Solutions, warned in a research report that: "While the 90-day cooling period provides an opportunity for further progress in reducing trade barriers, uncertainty regarding long-term trade policy will still limit the upside in oil prices."

Domestic gasoline prices today May 17, 2025

Domestic retail gasoline prices on May 17, 2025 will be applied according to the adjustment session from 3:00 p.m. on May 15 by the Ministry of Finance - Ministry of Industry and Trade.

Item	Price (VND/liter/kg)	Difference from previous period
E5 RON 92 gasoline	19,180	+403
RON 95 gasoline	19,594	+415
Diesel	17,228	+419
Oil	17,226	+285
Fuel oil	16,160	+627

Specifically, the price of E5 RON 92 gasoline increased by VND403/liter, to VND19,180/liter; RON 95 gasoline increased by VND415/liter, to VND19,594/liter.

Similarly, the price of diesel 0.05S: Increased by 419 VND/liter, to 17,228 VND/liter; kerosene increased by 285 VND/liter, to 17,226 VND/liter; mazut 180CST 3.5S increased by 627 VND/kg, to 16,160 VND/kg.

Gasoline prices today May 17, 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 20 adjustment sessions, including 9 decrease sessions, 8 increase sessions and 3 opposite sessions.

Ngoc Hung

Source: https://congthuong.vn/gia-xang-dau-hom-nay-17052025-chiu-suc-ep-tu-nguon-cung-387975.html