Gasoline prices today (August 26): Continuing the upward trend

World oil prices

Oil prices rose more than 1% in the first trading session of the week, continuing last week's gains, as investors worried the United States could impose more sanctions on Russian oil and that Ukraine's attacks on Russian energy infrastructure could disrupt supplies.

According to Reuters, at the end of the trading session on August 25, Brent oil price increased by 1.07 USD/barrel, equivalent to 1.58%, to 68.80 USD/barrel; WTI oil price increased by 1.14 USD/barrel, equivalent to 1.79%, to 64.80 USD/barrel.

World oil prices increased in the trading session on August 25. Illustration photo: Planet Energies

The US is pushing for a peace deal to end the more than three-year war between Russia and Ukraine.

“It looks like the peace talks are slowing down. If the talks don’t progress, Russia could face additional sanctions,” said Phil Flynn, senior analyst at Price Futures Group.

Last weekend, US President Donald Trump reiterated his threat to impose sanctions on Russia if there is no progress towards a peaceful resolution in Ukraine in the next two weeks. He also warned that he could impose large tariffs on India because it continues to buy oil from Russia.

Meanwhile, US Vice President JD Vance said Russia had made "significant concessions" in talks to end the conflict with Ukraine but he did not rule out imposing further sanctions to pressure the Kremlin toward peace.

Illustration photo: Reuters

According to Reuters, Russian officials said that on August 24, Ukraine launched a military operation targeting Russia. This operation caused a sharp drop in the capacity of a reactor at one of Russia's largest nuclear power plants and caused a large fire at the Ust-Luga fuel export port.

Separately, a fire at Russia’s Novoshakhtinsk oil refinery, sparked by a military operation, continued into its fourth day on August 24. The refinery, which mainly sells fuel for export, has an annual capacity of 5 million tons of oil.

The impact of a potential disruption to Russian oil supplies is partly offset by OPEC+ easing its production cuts "gradually and flexibly" and adding millions of barrels to the market, according to Ole Hansen, head of commodity strategy at Saxo Bank.

Investor risk appetite also improved after US Federal Reserve Chairman Jerome Powell signaled a possible interest rate cut at its meeting in September.

However, Priyanka Sachdeva, senior market analyst at Phillip Nova, said the market is increasingly convinced that President Donald Trump's tariffs will impact economic growth, thereby curbing fuel demand.

Domestic gasoline prices

Domestic retail prices of gasoline on August 26 are as follows:

- E5RON92 gasoline: Not higher than 19,464 VND/liter

- RON95-III gasoline: No higher than VND 20,092/liter

- Diesel 0.05S: Not higher than 17,905 VND/liter

- Kerosene: Not higher than 17,814 VND/liter

- Mazut oil 180CST 3.5S: Not higher than 15,116 VND/kg

In response to recent developments in world petroleum prices, the above domestic petroleum retail prices were adjusted by the Ministry of Industry and Trade and the Ministry of Finance from the afternoon of August 21. Accordingly, gasoline prices increased and oil prices decreased. E5RON92 gasoline prices increased by VND110/liter, RON95-III gasoline increased by VND208/liter, diesel oil decreased by VND172/liter, kerosene decreased by VND206/liter, and fuel oil decreased by VND152/kg.

In this operating 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 fuel oil.

Source: https://baolangson.vn/gia-xang-dau-hom-nay-26-8-noi-tiep-da-tang-5057052.html