Gasoline price today May 18, 2025: Increased for the second consecutive week

Gasoline and oil prices today, May 18, 2025: World gasoline and oil prices increased today and crude oil prices recorded the second consecutive week of increase following positive signals from the oil market.

Gasoline price today May 18, 2025

Recorded on Oilprice at 4:30 a.m. on May 18, 2025 (Vietnam time), Brent oil price was at 65.33 USD/barrel, up 1.36% (equivalent to an increase of 0.88 USD/barrel).

Brent oil price on the world market early morning of May 18, 2025 (Vietnam time)

Similarly, WTI oil price was at 62.49 USD/barrel, up 1.41% (equivalent to an increase of 0.87 USD/barrel).

WTI oil price on the world market early morning of May 18, 2025 (Vietnam time)

Overall, crude oil prices recorded a second consecutive weekly gain this week as the US and China issued a Joint Statement, while gains were capped by expectations of higher supply from Iran and the Organization of the Petroleum Exporting Countries and its allies (OPEC+).

Meanwhile, expectations of a recovery in demand in the coming months, coupled with an easing of geopolitical tensions, are factors that balance the expected increase in supply in the short term.

Expectations of higher OPEC+ oil production, along with a higher likelihood of an Iran nuclear deal, have re-emerged as bearish trading, said Dennis Kissler, senior vice president of trading at BOK Financial.

According to this Vice President, in the near future, as geopolitical tensions cool down, seasonal travel demand will increase sharply in the coming months, to cope with the possibility of increased supply.

Oil trade remains dependent on supply dynamics, including the potential return of Iranian supplies to the market following any US-Iran deal, experts said, as easing geopolitical risks have weighed on market concerns about increased supply from OPEC members.

Domestic gasoline prices today May 18, 2025

Domestic retail gasoline prices on May 18, 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 18, 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-18052025-tang-tuan-thu-2-lien-tiep-388077.html