Gasoline price today 05/22/2025: Gasoline price likely to increase

Gasoline prices today, May 22, 2025: Domestic gasoline prices in today's operating period are likely to increase for the second consecutive session, while oil prices decreased after the US government announced negative data on crude oil and fuel inventories.

Gasoline price today 05/22/2025

Recorded on Oilprice at 4:30 a.m. on May 22, 2025 (Vietnam time), Brent oil price was at 65.15 USD/barrel, down 0.29% (equivalent to a decrease of 0.19 USD/barrel).

Brent oil price on the world market early morning of May 22, 2025 (Vietnam time)

Similarly, WTI oil price was at 61.84 USD/barrel, down 0.32% (equivalent to a decrease of 0.20 USD/barrel).

WTI oil price on the world market in the early morning of May 22, 2025 (Vietnam time)

According to the latest report from the US Energy Information Administration (EIA), US crude oil, gasoline and distillate inventories all unexpectedly increased in the week ending May 16. Specifically, crude oil inventories increased by 1.3 million barrels, gasoline increased by about 800,000 barrels, and distillate inventories increased by about 600,000 barrels.

"The market did not react positively to the increase in crude, gasoline and distillate inventories," said Giovanni Staunovo, an analyst at UBS. The EIA report sent oil futures prices lower, despite earlier support from CNN, which reported that US intelligence believes Israel is preparing to attack Iran's nuclear facilities. However, CNN also said it was unclear whether Israeli leaders had made a final decision.

Iran is the third-largest producer in the Organization of the Petroleum Exporting Countries (OPEC), and an Israeli attack could disrupt the flow of oil from the country. There are also concerns that Iran could retaliate by blocking the Strait of Hormuz, a route used by Saudi Arabia, Kuwait, Iraq and the United Arab Emirates to export crude and fuel.

"If tensions escalate, we could see temporary trade changes or a supply shock of around 500,000 barrels per day, a figure that OPEC+ can completely offset in the short term," said Priya Walia, an analyst at Rystad Energy.

Kazakhstan's oil output also rose 2% in May, an industry source said on Tuesday, despite pressure from OPEC+ to cut output.

Domestic gasoline prices today May 22, 2025

Domestic retail gasoline prices on May 22, 2025 will be applied according to the adjustment session from 3:00 p.m. on May 15 by the Ministry of Finance - Ministry of Industry and Trade.

Item	Price (VND/liter/kg)	Difference from previous period
E5 RON 92 gasoline	19,180	+403
RON 95 gasoline	19,594	+415
Diesel	17,228	+419
Oil	17,226	+285
Fuel oil	16,160	+627

Specifically, the price of E5 RON 92 gasoline increased by VND403/liter, to VND19,180/liter; RON 95 gasoline increased by VND415/liter, to VND19,594/liter.

Similarly, the price of diesel 0.05S: Increased by 419 VND/liter, to 17,228 VND/liter; kerosene increased by 285 VND/liter, to 17,226 VND/liter; mazut 180CST 3.5S increased by 627 VND/kg, to 16,160 VND/kg.

Gasoline prices today May 22, 2025. Photo by Dinh Tuan

In this management period, the Ministry of Industry and Trade - Ministry of Finance did not set aside or use the Petroleum Price Stabilization Fund for E5RON92 gasoline, RON95 gasoline, diesel oil, kerosene, and mazut oil.

Thus, from the beginning of 2025 to now, domestic gasoline prices have undergone 20 adjustment sessions, including 9 decrease sessions, 8 increase sessions and 3 opposite sessions.

Ngoc Hung

Source: https://congthuong.vn/gia-xang-dau-hom-nay-22052025-xang-co-kha-nang-tang-gia-388713.html