Gasoline price today April 20: Strong increase

World oil prices today

In today's trading session, April 20 (Vietnam time), world oil prices rebounded. WTI crude oil reached 83.25 USD/barrel, up 0.52 USD/barrel, equivalent to an increase of 0.63%. WTI crude oil closed the previous trading session at 82.73 USD/barrel and opened today's session at 82.64 USD/barrel.

Brent crude oil increased to 87.73 USD/barrel, or 0.27 USD/barrel, or 0.31% increase. Brent crude oil closed yesterday's trading session at 87.11 USD/barrel and opened this morning's session at 86.96 USD/barrel.

Both Brent and WTI crude futures jumped in yesterday's trading session and continued to rise into the weekend after the conflict between Iran and Israel continued to escalate. However, gains were limited after Iran's Tehran downplayed the incident and said it had no plans to retaliate.

The easing of Iran’s conflict with Israel will reduce the possibility of supply disruptions in the Middle East, Reuters reported. However, weaker economic growth in China and rising US crude inventories also curbed oil prices.

Domestic gasoline prices today

On April 20, retail gasoline prices according to the price list announced by Petrolimex in regions 1 and 2 (46 provinces and cities currently applying) are as follows:

Domestic gasoline prices on April 20 according to the price list announced by Petrolimex.

The above domestic retail prices of gasoline and oil were adjusted by the Ministry of Finance - Industry and Trade in the price management session on the afternoon of April 17. Specifically, an increase of VND380/liter for E5 RON 92 gasoline; an increase of VND410/liter for RON 95 gasoline; a decrease of VND170/liter for diesel oil; a decrease of VND180/liter for kerosene oil; and an increase of VND198/kg for fuel oil.

Gasoline discount today

Discount prices of petroleum products today, April 20, at some domestic petroleum dealers are as follows:

Pvoil applies the following discount rates on April 20: RON 95-III gasoline: VND 1,350/liter; E5 gasoline: VND 1,350/liter; Diesel: VND 1,250/liter. This discount rate is applied at Pvoil Dinh Vu warehouse, Petec An Hai, Cai Lan warehouse.

Tu Luc Petroleum discounts on April 20 as follows: Oil discount 1,400 VND/liter, RON 95 - III gasoline: 1,450 VND/liter, E5 gasoline: 1,450 VND/liter.

MIPEC gasoline discount on April 20: RON 95 gasoline: 1,400 VND/liter; E5 gasoline: 1,400 VND/liter; oil: 1,450 VND/liter.

Forecast of domestic gasoline prices next period

According to a representative of a petroleum business, domestic petroleum prices will be adjusted according to fluctuations in world petroleum prices. With the current developments, it is likely that oil prices will continue to decrease in the next adjustment period.

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