Gasoline price today (August 27): Unexpected decrease

World oil prices

World oil prices fell more than 2% in the trading session on August 26, ending the previous session's increase, as investors were cautious about developments related to US tariffs and the risk of disruption of fuel supplies from Russia.

According to Reuters, at the end of the trading session on August 26, Brent oil price decreased by 1.58 USD/barrel, equivalent to 2.3%, to 67.22 USD/barrel; WTI oil price decreased by 1.55 USD/barrel, equivalent to 2.4%, to 63.25 USD/barrel.

Oil prices fell more than 2% in the trading session on August 26. Illustration photo: Oilprice

“With so much uncertainty due to the conflict in Ukraine and trade tensions, it is difficult for investors to commit to any long-term trend,” said Tamas Varga, an expert at PVM Oil Associates. He predicted that Brent oil prices will fluctuate between $65 and $74 per barrel in the near future.

Previously, the price increase in the trading session on August 25 mainly came from concerns about supply disruptions after Ukraine's attacks on Russian energy facilities, along with the possibility of the US imposing additional sanctions on Russian oil.

Ukraine’s retaliation disrupted refining operations, causing gasoline shortages in some regions of Russia. Moscow then raised its plans to export crude from western ports by about 200,000 barrels a day in August, as inventories rose after some refineries were shut down.

Illustration photo: Reuters

Last weekend, US President Donald Trump reiterated his threat to impose sanctions on Russia if there was no progress toward a peace settlement in Ukraine in the next two weeks. However, Reuters reported that officials from both countries had discussed a number of energy deals on the sidelines of the peace talks.

In another development, India is facing a potential 50% tariff on US imports, one of the highest ever imposed by Washington. According to analysts at Ritterbusch and Associates, the US could double tariffs on Indian goods as early as this week, further squeezing the flow of Russian oil, which has been hit by recent attacks in Ukraine.

Domestic gasoline prices

Domestic retail prices of gasoline on August 27 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-27-8-bat-ngo-giam-5057192.html