Gasoline price today 05/19/2025: The world continues to rise

Oil prices today May 19, 2025: Last week, oil prices maintained their upward momentum with a more modest increase, only half of the previous week. Brent crude climbed more than 2% to $65.41/barrel, WTI crude rose 2.4% to $62.49/barrel.

Gasoline price today May 19, 2025

Recorded on Oilprice at 4:30 a.m. on May 19, 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 19, 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 in the early morning of May 19, 2025 (Vietnam time)

World crude oil prices continue to climb as the market focuses on the US presidential election. Meanwhile, domestic gasoline prices are forecast to continue to increase at the price adjustment session on the afternoon of November 7.

Concerns about weak demand have prompted the Organization of the Petroleum Exporting Countries and its allies (OPEC+) to decide not to increase production again in December as planned, helping push up oil prices. This move raises doubts about the group's commitment or ability to restore supply by 2025, according to Reuters.

However, some others expressed concerns that OPEC+ oil supply cuts and recent efforts to restore production have increased volatility in the energy market, especially hindering investment in new production.

According to Goldman Sachs' forecast, WTI oil prices will average around $56/barrel by the end of 2025 and fall to $52/barrel by 2026. The reason is that the US government's policy prioritizes low energy prices to support consumers.

The Organization of the Petroleum Exporting Countries and its partners (OPEC+) have decided to increase oil production, especially by Saudi Arabia, to regain market share and control members who do not comply with their quotas. This could put downward pressure on oil prices in the short term.

Domestic gasoline prices today May 19, 2025

Domestic retail gasoline prices on May 19, 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 19, 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-19052025-the-gioi-tiep-da-di-len-388167.html