Gasoline price today August 18: World oil price plummets, domestic price continues to decrease deeply

Brent and WTI oil prices both fell, the market awaits the results of the US-Ukraine meeting; domestic gasoline prices today are stable.

World oil prices today August 18

On the morning of August 18, world oil prices continued to decline after many political fluctuations between the major powers. On the Oilprice exchange, Brent fell by 0.36 USD to 65.49 USD/barrel, while WTI fell by 0.31 USD to 62.49 USD/barrel. This is the longest decline in more than a week, causing Brent oil prices to lose about 5.35% and WTI to lose 5.17% compared to last month.

The August 15 meeting in Alaska between US President Donald Trump and Russian President Vladimir Putin failed to reach a ceasefire agreement. Although the two sides agreed to work towards a peace treaty, no specific document was signed. Afterwards, Mr. Trump announced a temporary suspension of tariffs on countries such as China - countries that import oil from Russia. This move kept Russian oil supplies stable, but also created additional downward pressure on prices.

According to analysts, the market is currently awaiting the results of the meeting between US President Donald Trump and Ukrainian President Volodymyr Zelensky taking place today, August 18 in Washington. European leaders are also invited to attend, causing investors to closely watch.

Ajay Parmar (ICIS) believes that the impact of the temporary tax suspension agreement is only short-term, and oil prices may decrease slightly and then move sideways. Giovanni Staunovo (UBS) believes that the risk of supply disruption from Russia is still under control, while Phil Flynn (Price Futures Group) predicts that oil prices will likely fluctuate in a narrow range until there is a clearer agreement.

Domestic gasoline prices today August 18

Domestically, the Ministry of Industry and Trade has sharply reduced gasoline prices since August 14, reflecting the downward trend of global crude oil prices. Currently, E5 RON92 gasoline is at a maximum of VND19,608/liter, RON95-III is VND19,884/liter, diesel is VND18,077/liter, kerosene is VND18,020/liter and fuel oil is VND15,268/kg.

Fuel type	Adjustment level (VND)	Maximum retail price (VND)
E5 RON92 gasoline	- 254	19.354/liter
Gasoline RON95-III	- 234	19.884/liter
Diesel 0.05S	- 723	18.077/liter
Oil	- 640	18,020/liter
Mazut oil 180CST 3.5S	- 379	15,268/kg

This is the second consecutive adjustment in August with a deep decrease, marking a period of "cooling down" in the energy market after a long period of strong fluctuations.

Source: https://baodanang.vn/gasoline-price-today-18-8-dau-the-gioi-lao-doc-trong-nuoc-tiep-tuc-giam-sau-3299677.html