Gasoline price today December 9, 2025: Sharp decrease then increase again

Today's gasoline prices on the world market

At the end of the trading session on December 8, crude oil prices fell by about 2%. The main reason was that Iraq had restored production at the West Qurna 2 oil field, one of the world's largest fields operated by Lukoil (Russia), after a leak on the export pipeline. The restored output at this field accounts for about 0.5% of global supply.

At the end of the session, Brent crude oil price decreased by 1.98% to 62.5 USD/barrel and US WTI crude oil price decreased by 2% to 58.88 USD/barrel.

In the morning trading session on December 9 (at 6:55 am Vietnam time), the market stabilized again. Brent crude oil price was flat at 62.52 USD/barrel and US WTI oil price was also unchanged, trading at 58.84 USD/barrel.

A major factor putting downward pressure on oil prices is the possibility of an end to the fighting in Ukraine. If any peace deal is reached soon, Russian oil exports could rise again, putting significant downward pressure on prices, experts say.

Analysts at ANZ warned that oil supplies could fluctuate by more than 2 million barrels a day under various scenarios stemming from US President Donald Trump’s efforts to end the war. Conversely, sustained damage to Russia’s oil infrastructure could send oil prices sharply higher.

Meanwhile, markets are closely watching the Fed's policy meeting. LSEG data shows that markets are pricing in an 84% chance that the Fed will cut interest rates by 0.25 percentage points at its meeting on Tuesday and Wednesday.

Still, conflicting statements from Council members suggest this could be one of the most divisive meetings in years, leaving investors paying particular attention to policy direction.

Geopolitical risks remain weighed alongside signs of a global supply glut, as output from OPEC+ and non-OPEC countries increases faster than demand growth.

The G7 and the European Union (EU) are discussing the possibility of replacing the price cap on Russian oil with a complete ban on maritime services for the country's oil exports, a move that could further reduce supplies from the world's second-largest oil producer.

Domestic gasoline prices

On the afternoon of December 4, the Ministry of Industry and Trade - Ministry of Finance adjusted domestic gasoline prices.

The retail prices of popular consumer goods on the market are adjusted as follows: E5RON92 gasoline increased by VND534/liter, with a price not higher than VND19,822/liter. RON95-III gasoline increased by VND451/liter, with a price not higher than VND20,460/liter.

On the contrary, oil products were all adjusted down. Diesel 0.05S decreased by 420 VND/liter, with a price not higher than 18,380 VND/liter. Kerosene decreased by 580 VND/liter, to 18,893 VND/liter. Mazut 180CST 3.5S decreased by 52 VND/kg, to 13,436 VND/kg. This price is effective from 3:00 p.m. on December 4.

Source: https://baodanang.vn/gasoline-price-to-date-12-9-2025-increases-manh-roi-tang-tro-lai-3314271.html