Gasoline prices today June 23, 2025: Escalating due to Iran's blockade

Oil prices fluctuated strongly on June 23, 2025, WTI reached 75.90 USD/barrel, Brent 79.11 USD/barrel due to Iran's threat to block the Strait of Hormuz.

Gasoline prices today June 23, 2025: Escalating due to Iran's blockade

Gasoline price today June 23, 2025 in domestic market

Domestic gasoline prices on June 23, 2025 will be applied according to the latest adjustment at 3:00 p.m. on June 19 by the Ministry of Industry and Trade - Ministry of Finance. Specifically:

RON 95-III gasoline increased by VND 1,277/liter, reaching VND 21,244/liter.

E5 RON 92 gasoline increased by VND1,169/liter, to VND20,631/liter.

Oil prices also increased simultaneously:

Diesel oil increased by VND1,456/liter, reaching VND19,156/liter.

Kerosene increased by VND1,412/liter, to VND18,923/liter.

Mazut oil increased by 1,182 VND/kg, reaching 17,643 VND/kg.

In this period, the Price Stabilization Fund was not allocated or used for any item. Since the beginning of 2025, gasoline prices have undergone 25 adjustments, including 11 increases, 9 decreases, and 5 opposite fluctuations between gasoline and oil.

Item	Price adjusted on June 19, 2025 (Unit: VND/liter)	Compared to yesterday 12/6/2025) (Unit: VND/liter/kg)
Gasoline E5 RON 92-II	20,631	+1.169
Gasoline RON 95-III	21,244	+1.277
Diesel 0.05S	19,156	+1.456
Kerosene	18,923	+1.412
Fuel oil	17,643	+1.182

Gasoline price today June 23, 2025 on the world market

Oil prices today, June 23, 2025, on the world market fluctuated strongly. According to Oilprice (7:00 a.m. Vietnam time), WTI oil prices increased by 2.79% to 75.90 USD/barrel, while Brent oil increased by 2.73% to 79.11 USD/barrel. However, by this morning, Brent prices decreased by 2.33% to 77.32 USD/barrel, while WTI decreased slightly by 0.46% to 74.04 USD/barrel.

WTI oil price: 75.90 USD/barrel (+2.79%).

Brent oil price: 79.11 USD/barrel (+2.73%).

The reason is that tensions in the Middle East have escalated after the US and Israel launched airstrikes against Iran on the morning of June 22, raising concerns about disruptions in oil supplies. Iran has threatened to block the Strait of Hormuz, a route for transporting 20-25% of global oil. If this happens, oil prices could jump to $100 a barrel, according to experts from SEB and Panmure Liberum.

However, some say it will be difficult for Iran to maintain the blockade for a long time because it also depends on this route to export oil to China. Currently, the shipping routes through Hormuz are still open, but the market is still very sensitive to moves from Iran and the geopolitical situation. Oil prices are expected to continue to fluctuate strongly in the coming time.

Source: https://baoquangnam.vn/gia-xang-dau-hom-nay-23-6-2025-leo-thang-do-lenh-phong-toa-cua-iran-3157236.html