Gasoline prices today May 9: Market is flooded with green - Lang Son Newspaper and Radio and Television

At 6:00 a.m. this morning, May 3, WTI oil price was at 60.19 USD/barrel, up 0.28 USD/barrel, US Brent oil price was at 62.84 USD/barrel, up 1.72 USD/barrel.

World oil prices

Oil prices rose, supported by hopes of a breakthrough in upcoming trade talks between the United States and China, the world's two largest oil consumers.

On the supply side, the Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, will increase oil production, putting pressure on prices.

Analysts at Citi Research have lowered their Brent crude price forecast for the next three months to $55 a barrel, from $60 previously, but kept their long-term forecast for this year unchanged at $60 a barrel.

They also said that if a nuclear deal is reached between the US and Iran, Brent crude could fall to nearly $50 a barrel due to increased supply. Conversely, if no deal is signed, oil prices could exceed $70 a barrel.

Gasoline prices are up today. (Photo: Whichcar).

In other trade developments, US President Donald Trump and UK Prime Minister Keir Starmer announced a “groundbreaking deal” on trade. The US will keep a 10% tariff on goods imported from the UK, while the UK will agree to reduce tariffs from 5.1% to 1.8% and expand access to US goods.

Domestic gasoline prices

The gasoline price is being applied according to the price in the operating period on May 8. Accordingly, E5 RON92 gasoline decreased by 377 VND/liter, not higher than 18,777 VND/liter. The price of RON95 gasoline decreased by 407 VND/liter, not higher than 19,179 VND/liter.

Diesel price decreased by 550 VND/liter, not higher than 16,809 VND/liter; Kerosene decreased by 623 VND/liter, not higher than 16,941 VND/liter; Mazut decreased by 665 VND/kg, not higher than 15,533 VND/kg.

In this period, the regulatory agency continues not to set aside or use the gasoline price stabilization fund for all products.

Since the beginning of the year, domestic gasoline prices have undergone 18 adjustment sessions, including 8 sessions of decrease, 7 sessions of increase and 3 sessions of opposite direction.

Source: https://baolangson.vn/gia-xang-dau-hom-nay-9-5-thi-truong-ngap-sac-xanh-5046423.html