Gasoline prices today (April 22): Mixed prices at the beginning of the session

World oil prices

According to Oilprice and Reuters, at the beginning of the trading session on April 22, WTI oil price increased by about 0.5% while Brent oil remained "anchored" at 66.26 USD/barrel.

Oil prices fluctuated in opposite directions at the beginning of the trading session on April 22, with WTI oil slightly increasing. Illustration photo: Getty

Earlier, at the end of the first trading session of the week, both Brent and WTI oil fell more than 2% due to signs of progress in negotiations between the US and Iran, while investors remained concerned about economic disadvantages from tariffs that could limit fuel demand.

Brent crude fell $1.70, or 2.5%, to $66.26 a barrel. WTI crude fell $1.60, or 2.5%, to $63.08 a barrel.

The talks between the US and Iran appear to be quite positive, which means Iranian crude will not be taken off the market, said Harry Tchilinguirian, head of research at Onyx Capital Group.

According to Iran's Foreign Minister, during the negotiations, the US and Iran agreed to start drafting the framework for a potential nuclear deal.

The US and Iran have made progress in talks after the US imposed new sanctions on Tehran's crude oil last week.

Markets were also under pressure after US President Donald Trump repeatedly criticized the US Federal Reserve (Fed). According to the White House owner, the US economy could slow down unless interest rates are lowered immediately.

Oil prices are “cooling off,” according to senior analyst Phil Flynn of Price Futures Group, due to a sense of risk aversion in the market.

Oil prices unexpectedly "cooled down" in the first trading session of the week. Illustration photo: Reuters

Meanwhile, OPEC+ is still expected to increase production by 411,000 barrels per day starting in May. However, some OPEC+ member countries that have exceeded their production quotas will continue to cut production as previously planned.

A recent Reuters poll found that investors believe the tariffs will cause a significant recession in the US economy this year and next, with the average probability of a recession in the next 12 months reaching 50%.

Investors are also watching a number of US economic data, including the preliminary manufacturing and services purchasing managers' indexes (PMIs) for April, for guidance on the economy.

Domestic gasoline prices

Domestic retail prices of gasoline on April 22 are as follows:

E5 RON 92 gasoline is not more than 18,498 VND/liter.

RON 95-III gasoline is not more than 18,856 VND/liter.

Diesel oil not more than 17,037 VND/liter.

Kerosene not more than 17,184 VND/liter.

Fuel oil not exceeding 15,960 VND/kg.

The above domestic retail prices of gasoline and oil will be adjusted by the Ministry of Finance and the Ministry of Industry and Trade in the price management session on the afternoon of April 24. Due to the increase in world gasoline and oil prices last week, it is likely that domestic gasoline and oil prices will have difficulty achieving a hat-trick of decreases.

In the most recent price adjustment, the price of E5 RON 92 gasoline decreased by 384 VND/liter, RON 95-III gasoline decreased by 351 VND/liter, diesel decreased by 206 VND/liter, kerosene decreased by 229 VND/liter. Only fuel oil increased by 58 VND/kg.

MAI HUONG

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Source: https://baodaknong.vn/gia-xang-dau-hom-nay-22-4-trai-chieu-dau-phien-250161.html