Domestic fuel prices today, June 21, 2024

In the domestic market, the selling prices of gasoline and diesel fuel today, June 21st, are applied according to the prices set in the price adjustment session on the afternoon of June 20th by the inter- ministerial committee of Finance and Industry and Trade.

Specifically, gasoline prices were adjusted by the Ministry of Industry and Trade - Ministry of Finance to increase all items.

Accordingly, the price of E5 gasoline increased by 190 VND/liter, bringing the selling price to 21,500 VND/liter. The price of RON 95 gasoline increased by 230 VND, raising the selling price to 22,460 VND/liter.

Similarly, the price of diesel fuel was also adjusted upwards by 720 VND/liter, bringing the selling price to 20,360 VND/liter.

Meanwhile, the price of kerosene increased by 500 VND/liter, bringing the selling price to 20,350 VND/liter.

Today's retail prices for gasoline and diesel:

Item Price from June 20 (unit: VND/liter) Compared to the previous period
RON 95-III gasoline 22,460 + 230
E5 RON 92-II gasoline 21,500 + 190
Diesel 20,360 + 720
Oil 20,350 + 500

World oil prices today, June 21, 2024

On the world market, gasoline and oil prices stabilized today, June 21st, after rising to a 7-week high.

According to data from Oilprice, at 8:57 AM on June 21st (Vietnam time), Brent crude oil was listed at $85.58 per barrel, down 0.15% from the previous session. WTI crude oil was at $82.17 per barrel, up 0.74% from the previous session.

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Gasoline and diesel prices are trending downwards. Photo: Whichcar

On June 20th, world oil prices rose by more than 1%, reaching their highest level in seven weeks.

According to data from Oilprice, at 9 PM on June 20th (Vietnam time), Brent crude oil was listed at $85.87 per barrel, up 0.94% from the previous session. WTI crude oil was at $82.27 per barrel, up 0.86% from the previous session.

Oil prices rose sharply as analysts predicted that tensions in the Gaza Strip were likely to escalate.

Escalating conflict could disrupt supply from this vital oil-producing region of the world.

Israel's foreign minister recently warned of an all-out war with Hezbollah that could soon break out, despite US efforts to prevent a larger conflict between Israel and the Hezbollah movement.

Meanwhile, a fuel tank at an oil depot in the southern Russian port of Azov caught fire after an attack by Ukrainian drones. This demonstrates that Russian oil refineries continue to be targets of Ukrainian attacks, affecting supply.

In addition, oil prices were also supported by expectations that the US Federal Reserve (Fed) may soon cut interest rates after weaker-than-expected retail sales figures were released earlier this week. Lower interest rates would reduce borrowing costs, thereby boosting economic activity, increasing oil consumption, and driving oil prices higher.

Gasoline and oil prices today, June 17, 2024, stabilize after a week of rapid increases . Gasoline and oil prices on the international market today, June 17, 2024, have stabilized after a sharp increase last week. Last week, world oil prices recorded a week of rapid increases after three consecutive weeks of decline.