Gasoline price today August 19: World oil bounces back

World oil prices on August 19 edged up slightly after several sessions of decline. Domestic gasoline prices today remained unchanged.

World oil prices today August 19

On the morning of August 19, world oil prices remained stable after many sessions of strong fluctuations. On the Oilprice exchange, Brent crude oil traded around 65.94 USD/barrel, up slightly by 0.12%. WTI crude oil remained at 62.82 USD/barrel, up 0.03 USD. Investors are waiting for the results of the meeting between US President Donald Trump and Ukrainian President Volodymyr Zelenskiy, after the US-Russia summit last weekend failed to make progress.

Markets were hoping that a peace scenario could help ease pressure on oil and gas prices in Europe. However, the controversy over India’s purchase of Russian oil has raised new concerns. The White House criticized New Delhi for helping Moscow turn embargoed crude into a high-value export. The comment immediately triggered increased buying in the market.

In addition to geopolitical factors, investors are also closely monitoring US monetary policy. This week, Federal Reserve Chairman Jerome Powell will give a speech at the Jackson Hole conference, which is considered a signal for the direction of interest rates in the coming time.

Domestic gasoline prices today August 19

Domestically, gasoline prices were adjusted from 3 p.m. on August 15. E5 RON 92 gasoline is currently retailing at VND19,354 per liter, down VND254 compared to before. RON 95 gasoline is at VND19,884 per liter, down VND190 per liter. Diesel oil dropped sharply by VND723 per liter, down to VND18,077 per liter. Kerosene and fuel oil also dropped by VND640 per liter and VND379 per kilogram, respectively.

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

According to the Ministry of Industry and Trade, this price reduction reflects the general trend of the world market. During the period from August 7 to 13, the prices of imported petroleum products all decreased from 1.3% to more than 4%. OPEC+ also decided to increase production in September, contributing to the price reduction.

Source: https://baodanang.vn/gasoline-price-today-19-8-dau-the-gioi-bat-tang-tro-lai-3299763.html