Domestic gasoline prices adjusted in opposite directions
According to the decision of the Ministry of Industry and Trade - Ministry of Finance, domestic retail gasoline prices have been adjusted from 3:00 p.m. on November 17. Specifically, the price of E5 RON 92 gasoline increased by 162 VND/liter, to 19,844 VND/liter; RON 95 gasoline increased by 160 VND/liter, with a new selling price of 20,576 VND/liter.
In contrast to gasoline, oil prices fluctuated more strongly. Diesel 0.05S increased by VND541/liter to VND19,864/liter. Kerosene also increased by VND540/liter to VND19,935/liter. Mazut 180CST 3.5S decreased by VND246/kg to VND14,074/kg.
Retail price list of gasoline and oil from 3:00 p.m. on November 17
| Item | New price (VND/liter or kg) | Change rate (VND) |
|---|---|---|
| E5 RON 92 gasoline | 19,844 | +162 |
| RON 95 gasoline | 20,576 | +160 |
| Diesel oil 0.05S | 19,864 | +541 |
| Oil | 19,935 | +540 |
| Mazut oil 180CST 3.5S | 14,074 | -246 |
World oil prices continue to fall
In contrast to the domestic market, world oil prices recorded a downward trend. According to data from Oilprice at 6:00 a.m. on November 17 (Vietnam time), Brent oil prices decreased by 0.46 USD, equivalent to 0.71%, to 63.93 USD/barrel. At the same time, WTI oil prices decreased by 0.51 USD, equivalent to 0.85%, trading at 59.58 USD/barrel.
Pressure from the risk of global oversupply
The main reason for the pressure on oil prices is the concern that the market will have a supply surplus in the coming period. The International Energy Agency (IEA) has raised its forecast for global supply growth for both this year and next, pointing to a larger surplus in 2026.
The Organization of the Petroleum Exporting Countries (OPEC) has also readjusted the supply-demand balance, acknowledging the possibility of a supply glut in 2026. Mr. Suvro Sarkar commented that this is a change from the group's previous optimistic stance.
“There are unclaimed cargoes right now. The spot market is forming a new price curve. There is a general sense that the U.S. economy is weakening,” said John Kilduff, partner at Again Capital.
In addition, a report from the US Energy Information Administration (EIA) showed that the country's crude oil reserves in the week ending November 7 increased by 6.4 million barrels, to 427.6 million barrels. This figure is much higher than the forecast increase of 1.96 million barrels, further reinforcing concerns about the risk of oversupply in the market.
Source: https://baolamdong.vn/gia-xang-dau-hom-nay-1711-ron95-tang-nhe-dau-diesel-vot-gia-403255.html
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