Gasoline price today (August 20): Turning down

World oil prices

World oil prices fell in the trading session on August 19, as investors bet on the possibility of reaching an agreement that could legalize or end the Russia-Ukraine conflict, thereby paving the way for easing sanctions on Russian crude and increasing global supply.

World oil prices turned down in the trading session on August 19. Illustration photo: Tehran Times

According to Oilprice, Brent oil price decreased by 0.61 USD/barrel (equivalent to 0.92%), down to 65.99 USD/barrel; WTI oil price decreased by 0.92 USD/barrel (equivalent to 1.45%), down to 62.50 USD/barrel.

“Even if there is peace , we still have a record short position. If there is no ceasefire, oil prices could bounce back,” said Phil Flynn, senior analyst at Price Futures Group.

According to Reuters, after meeting at the White House with Ukrainian President Volodymyr Zelenskiy and European allies, US President Donald Trump announced on social media that he had spoken with Russian President Vladimir Putin. Washington is arranging a meeting between Russian President Vladimir Putin and Ukrainian President Zelenskiy, which could lead to a trilateral summit involving all three leaders.

President Zelenskiy described his talks with President Trump as “very good” and said the US was considering providing security guarantees to Ukraine, although details have not been released. However, Kiev and its allies are concerned that Washington could push for a deal on terms favorable to Moscow.

Illustration: Future Bridge

Donald Trump's softer stance on secondary sanctions on Russian oil importers has somewhat eased concerns about supply disruptions, according to Suvro Sarkar, head of energy at DBS Bank Asia.

“If tensions ease and the risk of new sanctions decreases, oil prices could fall back to an average of $58 per barrel in the fourth quarter of 2025 or the first quarter of 2026,” said Bart Melek, head of commodity strategy at TD Securities.

Domestic gasoline prices

Domestic retail prices of gasoline on August 20 are as follows:

- E5RON92 gasoline: No higher than 19,354 VND/liter.

- RON95-III gasoline: No higher than 19,884 VND/liter

- Diesel 0.05S: Not higher than 18,077 VND/liter

- Kerosene: Not higher than 18,020 VND/liter

- Mazut oil 180CST 3.5S: Not higher than 15,268 VND/kg.

In response to recent developments in world petroleum product prices, the above domestic petroleum retail prices were adjusted by the Ministry of Industry and Trade - Ministry of Finance from the afternoon of August 14. Accordingly, petroleum prices decreased simultaneously. E5RON92 gasoline price decreased by 254 VND/liter, RON95-III gasoline decreased by 190 VND/liter, diesel oil decreased by 723 VND/liter, kerosene decreased by 640 VND/liter, and fuel oil decreased by 379 VND/kg.

In this management period, the Ministry of Industry and Trade - Ministry of Finance decided to continue not to set aside and not to use the petroleum price stabilization fund for E5-RON 92 gasoline, RON95 gasoline, diesel oil, kerosene and fuel oil.

Source: https://baolangson.vn/gia-xang-dau-hom-nay-20-8-quay-dau-giam-5056565.html