Gasoline price today 05/30/2025: Gasoline price increases slightly, oil decreases

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Gasoline prices today May 30, 2025: Domestic RON 95 gasoline prices have increased after only one session of decline. Currently, this fuel price is still at its lowest level in the past 4 years, equivalent to May 2021.

Gasoline price today May 30, 2025

Recorded on Oilprice at 4:30 a.m. on May 30, 2025 (Vietnam time), Brent oil price was at 64.79 USD/barrel, up 1.09% (equivalent to an increase of 0.70 USD/barrel).

Brent oil price on the world market early morning of May 30, 2025 (Vietnam time)

Similarly, WTI oil price was at 61.68 USD/barrel, up 1.31% (equivalent to an increase of 0.80 USD/barrel).

WTI oil price on the world market in the early morning of May 30, 2025 (Vietnam time)

Oil prices fell, retreating from earlier gains after the head of the International Energy Agency (IEA) warned of weak demand from China. At the same time, the market also watched the possibility of new US sanctions to limit Russian oil flows and OPEC+'s decision to increase production in July.

Oil prices rose earlier after a U.S. court ruled Wednesday that President Donald Trump exceeded his authority by imposing broad tariffs on imports from trading partners. The ruling, however, did not involve specific industry tariffs that Trump imposed on autos, steel and aluminum under a separate law.

The ruling has supported risk sentiment in global markets that have been concerned about the impact of tariffs on economic growth, but some experts say the positive effect may be temporary, as the Trump administration has said it will appeal.

Oil prices fell after Fatih Birol, Director General of the IEA, said that oil demand in China is very weak, while developments in Russia and Iran remain unknown to the oil market.

The United States and Iran are currently in an effort to curb Iran's nuclear activities, which have accelerated rapidly since President Trump withdrew the United States from the 2015 nuclear deal with world powers.

“The Iran situation has the market constantly worried: sometimes it seems like there is going to be a conflict, sometimes it is hoping for a peace deal. Right now, the market is moving based on both technical factors and emotions,” said Phil Flynn , senior analyst at Price Futures Group.

On the supply side, the market is also concerned about the possibility of the US imposing new sanctions on Russian oil. At the same time, the Organization of the Petroleum Exporting Countries and its allies (OPEC+) may agree on Saturday to accelerate the pace of oil production increase in July.

“We expect OPEC+ to agree to increase output by 411,000 barrels per day. We also expect a similar increase to last through the third quarter, as the group shifts its focus to defending market share,” ING analysts said.

Adding to the supply risks, Chevron has ended its oil exploration and other operations in Venezuela after its key licenses were revoked by the Trump administration in March. Venezuela had previously canceled some cargoes scheduled for delivery to Chevron in April, citing payment concerns under US sanctions.

Chevron used to export about 290,000 barrels of oil per day from Venezuela, equivalent to more than a third of the country's total oil production, before the shutdown.

US crude and gasoline inventories fell last week, while distillate inventories rose, according to market sources familiar with data from the American Petroleum Institute (API).

Meanwhile, a wildfire in Alberta, Canada, forced residents of a small town to evacuate and temporarily halted some oil and gas operations, which could impact supplies.

Domestic gasoline prices today May 30, 2025

Domestic retail gasoline prices on May 30, 2025 will be applied according to the adjustment session from 3:00 p.m. on May 29 by the Ministry of Finance - Ministry of Industry and Trade.

Item	Price (VND/liter/kg)	Difference from previous period
E5 RON 92 gasoline	19,196	+74
RON 95 gasoline	19,565	+33
Diesel	17,136	-269
Oil	17,108	-206
Fuel oil	16,264	-248

Specifically, the price of E5 RON 92 gasoline increased by 74 VND/liter, to 19,196 VND/liter; RON 95 gasoline increased by 33 VND/liter, to 19,565 VND/liter.

Price of diesel 0.05S: Decreased by 269 VND/liter, down to 17,136 VND/liter; kerosene decreased by 206 VND/liter, down to 17,108 VND/liter; fuel oil 180CST 3.5S decreased by 248 VND/kg, down to 16,264 VND/kg.

Gasoline prices today May 30, 2025. Photo by Dinh Tuan

In this management 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 mazut oil.

Thus, from the beginning of 2025 to now, domestic gasoline prices have undergone 22 adjustment sessions, including 9 decrease sessions, 8 increase sessions and 5 opposite sessions.

Ngoc Hung

Source: https://congthuong.vn/gia-xang-dau-hom-nay-30052025-gia-xang-tang-nhe-dau-giam-389973.html