Gasoline price today July 18: Gasoline slightly decreased, oil increased again

Today's gasoline prices recorded mixed fluctuations as domestic gasoline prices decreased slightly, while world oil prices turned to increase due to concerns about supply.

Domestic gasoline prices drop rapidly

From 3:00 p.m. on July 17, the Ministry of Industry and Trade - Ministry of Finance announced the adjustment of retail gasoline prices. Accordingly, E5 RON92 gasoline decreased by 178 VND/liter, to 19,481 VND/liter; RON95 gasoline decreased by 165 VND/liter, to 19,925 VND/liter. Diesel oil decreased slightly by 38 VND/liter, to 18,799 VND/liter; fuel oil decreased by 85 VND/kg. Kerosene oil increased slightly by 58 VND/liter to 18,429 VND/liter.

Fuel type	Adjustment level	New retail price
E5 RON92 gasoline	Reduced by 178 VND/liter	19,481 VND/liter
Gasoline RON95-III	Reduced by 165 VND/liter	19,925 VND/liter
Diesel 0.05S	Reduced by 38 VND/liter	18,799 VND/liter
Mazut oil 180CST 3.5S	Reduced by 85 VND/kg	15,478 VND/kg
Oil	Increase 58 VND/liter	18,429 VND/liter

This operating period does not set aside or use the Petroleum Price Stabilization Fund.

World oil prices rebound

In the early morning of July 18, Brent crude oil prices increased to 68.97 USD/barrel, up 0.72%; WTI crude oil increased to 67.17 USD/barrel, up 1.19%. This development came from concerns about supply after drone attacks on oil fields in the autonomous Kurdistan region (Iraq), causing production to decrease by 150,000 barrels/day.

Experts say that although global trade tensions have temporarily eased, geopolitical factors and low inventories continue to play a key role in oil price trends.

The oil market remains volatile

According to the International Energy Agency (IEA), despite the increase in global oil production, inventories are not higher, indicating that the market is still tight. At the same time, new tax policies from the US and the Russia-Ukraine conflict continue to be factors that strongly affect the global energy market.

The Ministry of Industry and Trade said that the average price of finished petroleum products in the world in the most recent adjustment period showed that gasoline and diesel both decreased slightly, while kerosene tended to increase. This is the basis for adjusting domestic gasoline prices.

In the context of global instability, gasoline prices in Vietnam are adjusted in line with international market developments. Consumers benefit from this gasoline price reduction, while businesses and managers still need to closely monitor risks from the global market.

Source: https://baodanang.vn/gia-xang-dau-hom-nay-18-7-xang-giam-nhe-dau-tang-tro-lai-3297161.html