Gasoline price today April 28: Maintain slight increase

Oil prices edged up slightly at the beginning of the week, maintaining the upward momentum from the previous two sessions. Data shows that domestic gasoline prices may continue to increase in this week's operating session.

On the morning of April 28, at 7:00 a.m. (Vietnam time), gasoline prices increased slightly by nearly 0.3%, with US WTI crude oil trading at 63.2 USD/barrel; global benchmark Brent crude oil was trading close to 66 USD/barrel.

Last week, oil prices fluctuated continuously in each trading session, with 3 sessions increasing out of 5 trading sessions of the week. However, last week the market still recorded a week of price declines with Brent oil down 1.6% and WTI oil down 2.6%.

Market sentiment remains cautious amid reports that the US and Russia are making progress in ending the conflict in Ukraine, although key terms have yet to be finalized. At the same time, some members of the Organization of the Petroleum Exporting Countries and its allies (OPEC+) are expected to support a second straight month of output increases in June. Brent crude futures have fallen 11% since the start of April, according to Trading Economics.

World oil prices increased slightly in this morning's trading session

Meanwhile, the US recently imposed new restrictions on a key Iranian figure involved in LPG and crude oil shipments, fueling speculation that the sanctions could limit Iran's exports.

However, analysts also believe that the increase in oil prices will be difficult to maintain in the long term because supply may increase in the near future. In addition to the OPEC+ factor, if the disagreement over Ukraine is narrowed, oil supply from Russia to the international market may increase.

Domestically, although the world has a slight decrease this week, reference data from the Singapore market shows that domestic gasoline prices may continue to increase in this week's price adjustment period. Accordingly, the estimated increase ranges from 100 - 250 VND/liter/kg, excluding the Gasoline Price Stabilization Fund./.

According to Thanh Nien Newspaper

Source: https://thanhnien.vn/gia-xang-dau-hom-nay-2842025-giu-da-tang-nhe-18525042807591272.htm

Source: https://baolongan.vn/gia-xang-dau-hom-nay-28-4-giu-da-tang-nhe-a194273.html