Gasoline price today August 25: Continue to increase?

World oil prices continue to increase, and it is forecast that domestic gasoline prices will continue to increase in the adjustment period on Thursday afternoon this week.

On the morning of August 25th, fuel prices rose slightly. At 7:45 AM (Vietnam time), US WTI crude oil edged up 0.2%, trading near $64 per barrel; Brent crude oil also increased by a similar amount, trading at around $67.9 per barrel.

Oil prices are forecast to fluctuate within a narrow range but are trending slightly upward due to lingering market uncertainty surrounding the prospects for peace between Russia and Ukraine. Additionally, a surprise drop in US crude oil inventories is also supporting this upward trend.

According to the U.S. Energy Information Agency (EIA), U.S. crude oil inventories fell sharply by 6 million barrels last week, more than three times the 1.8 million barrel drop forecast by analysts in a previous Reuters survey. In addition, stalled peace negotiations between Russia and Ukraine are putting pressure on the energy market.

World oil prices are trending slightly upward. PHOTO: REUTERS

In other developments, according to Bloomberg, India has stated it will continue to purchase crude oil from Russia, provided it is financially viable. This statement comes amid concerns that the US may raise import tariffs on Russian oil to as much as 50%.

The latest update on refined petroleum product prices in the Singapore market this morning shows that prices for all refined petroleum products have increased. It is predicted that domestic gasoline and diesel prices may increase across the board in this week's price adjustment, with a maximum increase of 500 VND/liter. Last week, gasoline prices increased by 100-200 VND/liter.

On the morning of August 25th, the retail prices of petroleum products on the market were as follows: E5 RON92 gasoline not exceeding 19,464 VND/liter; RON95-III gasoline not exceeding 20,092 VND/liter; 0.05S diesel not exceeding 17,905 VND/liter; kerosene not exceeding 17,814 VND/liter; 180CST 3.5S fuel oil not exceeding 15,116 VND/kg.

According to Thanh Nien Newspaper

Source: https://thanhnien.vn/gia-xang-dau-hom-nay-2582025-tiep-tuc-tang-18525082508405529.htm

Source: https://baolongan.vn/gia-xang-dau-hom-nay-25-8-tiep-tuc-tang-a201303.html