Gasoline price today April 23, 2025: Oil price gradually recovers

Oil prices today April 23, 2025: Oil prices recovered along with the stock market, although concerns about economic headwinds from tariffs and US monetary policy that could reduce fuel demand persisted.

Gasoline price today April 23, 2025

Recorded on Oilprice at 4:30 a.m. on April 23, 2025 (Vietnam time), Brent oil price was at 67.04 USD/barrel, up 1.16% (equivalent to an increase of 0.77 USD/barrel).

Brent oil price on the world market early morning April 23, 2025 (Vietnam time)

Similarly, WTI oil price was at 64.11 USD/barrel, up 1.63% (equivalent to an increase of 1.03 USD/barrel).

WTI oil price on the world market in the early morning of April 23, 2025 (Vietnam time)

"The daily movements in Brent crude oil prices are quite in line with the movements in stock prices," said SEB analyst Bjarne Schieldrop.

US stock index futures rose, recovering from losses in the previous session as President Donald Trump repeated criticism of Federal Reserve Chairman Jerome Powell and said the US economy could slow unless interest rates were lowered immediately.

Benchmark Brent and WTI crude oil prices fell more than 2% in a sell-off in equities on Monday as signs of progress in talks on a nuclear deal between the U.S. and Iran helped ease supply concerns. Trump’s comments about Powell raised concerns about the Fed’s independence in setting monetary policy and the outlook for U.S. assets. Major U.S. stock indexes fell and the dollar index slid to a three-year low on Monday.

“I think Monday’s decline seems a bit overdone, given that oil demand remains solid, so we could see a reversal today,” said UBS analyst Giovanni Staunovo.

Progress in talks between the United States and Iran, which agreed last week to begin drafting the framework for a potential nuclear deal, could also lead to Trump backing away from efforts to choke off the Middle Eastern nation’s oil exports.

Meanwhile, Russia's Economy Ministry has cut its forecast for the average price of Brent crude in 2025 by nearly 17% compared with its September forecast, according to documents seen by Reuters.

U.S. crude and gasoline stocks are expected to have fallen last week, while distillate stocks likely rose, a preliminary Reuters poll showed on Monday, ahead of weekly reports from the American Petroleum Institute and the Energy Information Administration.

Domestic gasoline prices today April 23, 2025

Domestic retail gasoline prices on April 23, 2025 will be applied according to the adjustment session from 3:00 p.m. on April 17 by the Ministry of Finance - Ministry of Industry and Trade.

Item	Price (VND/liter/kg)	Difference from previous period
E5 RON 92 gasoline	18,498	-384
RON 95 gasoline	18,856	-351
Diesel	17,037	-206
Oil	17,184	-229
Fuel oil	15,960	+58

Specifically, the price of E5 RON 92 gasoline decreased by VND384/liter, down to VND18,498/liter; RON 95 gasoline decreased by VND351/liter, down to VND18,856/liter.

The price of 0.05S diesel decreased by VND206/liter to VND17,037/liter; kerosene decreased by VND229/liter to VND17,184/liter; the price of 180CST 3.5S mazut increased by VND58/kg to VND15,960/kg.

Gasoline prices today April 23, 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 16 adjustment sessions, including 7 decrease sessions, 6 increase sessions and 3 opposite sessions.

Ngoc Hung

Source: https://congthuong.vn/gia-xang-dau-hom-nay-23042025-gia-dau-dan-phuc-hoi-384410.html