Gasoline price today July 20: Slight decrease

Domestic gasoline prices today were adjusted down slightly, while the world market continued to fluctuate due to concerns about supply and new tax policies from the US and Europe.

Domestic gasoline prices adjusted down

Domestically, the Ministry of Industry and Trade - Ministry of Finance adjusted retail gasoline prices from the afternoon of July 17. Accordingly, E5 RON92 gasoline decreased by 178 VND/liter, down to 19,481 VND/liter; RON95 gasoline decreased by 165 VND/liter, down to 19,925 VND/liter. Diesel prices also decreased slightly, while kerosene increased. Fuel oil continued to be adjusted down.

Domestic retail gasoline prices today

Fuel type	Maximum price
E5 RON92 gasoline	19,481 VND/liter
Gasoline RON95-III	19,925 VND/liter
Diesel 0.05S	18,799 VND/liter
Oil	18,429 VND/liter
Mazut oil 180CST 3.5S	15,478 VND/kg

Global markets affected by geopolitical tensions

Crude oil prices on the world market on the morning of July 20 recorded a slight decrease. Brent oil was at 69.23 USD/barrel and WTI oil reached 67.30 USD/barrel. The decrease stemmed from concerns about supply when the European Union announced a new package of sanctions against Russia. Meanwhile, in the US, conflicting information about inflation, interest rates and construction activities continued to affect consumer expectations and energy demand.

Market outlook

The Ministry of Industry and Trade said that the world oil market in the most recent management period was affected by many factors such as fluctuations in reserves, US tariff policies and tensions in Ukraine. Domestically, the management agency continued not to set aside the Price Stabilization Fund. Since the beginning of the year, domestic oil prices have undergone 28 adjustments with a trend of continuous fluctuations following the global market.

Source: https://baodanang.vn/gia-xang-dau-hom-nay-20-7-dieu-chinh-giam-nhe-3297333.html