Gasoline price today December 18: Down to the lowest level in 1 week

World oil prices

At 6:00 AM on December 18th, Brent crude oil prices fell 72 cents, or 1%, to $73.19 per barrel. WTI crude oil prices fell 63 cents, or 0.9%, to $70.08 per barrel.

Oil prices continued to fall due to concerns about demand following negative economic news from Germany and China, while investors remained cautious ahead of the US Federal Reserve's decision on interest rates.

In China, the world's second-largest economy, industrial output growth edged higher in November, while retail sales fell far short of expectations.

This suggests Beijing needs to step up its consumer-focused stimulus package as policymakers prepare for a scenario of higher trade tariffs from the US after President-elect Donald Trump takes office.

Gasoline prices continue to fall. (Photo: Whichcar)

Investors are currently watching forecasts from US policymakers for signals on whether the Fed will become more cautious in 2025, as economic indicators suggest inflation remains persistent.

Domestic fuel prices

In the price adjustment on December 12th, the price of E5 RON92 gasoline decreased by 3 VND/liter, not exceeding 19,861 VND/liter; conversely, the price of RON95 gasoline increased by 33 VND/liter, not exceeding 20,596 VND/liter.

Meanwhile, the prices of all types of oil decreased. Diesel prices fell by 127 VND/liter, not exceeding 18,255 VND/liter. Kerosene prices decreased by 251 VND/liter, not exceeding 18,566 VND/liter, and fuel oil prices decreased by 551 VND/kg, not exceeding 15,574 VND/kg.

During this period, the regulatory agency continued to neither allocate funds nor utilize the fuel price stabilization fund for all commodities.

Ngoc Vy

Source: https://vtcnews.vn/gia-xang-dau-hom-nay-18-12-xuong-muc-thap-nhat-1-tuan-ar914453.html