Continued increase this week

Today's fuel prices (January 6, 2025): World fuel prices extended last week's upward trend, marking the second consecutive week of increases.

Gasoline and diesel prices today, January 6, 2025

According to Oilprice at 4:30 AM on January 6, 2025 (Vietnam time), WTI crude oil was priced at $74.07 per barrel, an increase of 1.13% (equivalent to an increase of $0.83 per barrel).

WTI oil prices on the world market early morning of January 6, 2025 (Vietnam time)

Similarly, Brent crude oil prices stood at $76.69 per barrel, up 0.76% (equivalent to an increase of $0.58 per barrel).

Brent crude oil prices on the world market early morning of January 6, 2025 (Vietnam time)

This week, oil prices continued their upward trend, with Brent crude rising $2.34 to $76.51 per barrel and WTI crude increasing $3.36 to $73.96 per barrel.

The transitional week between the old year and the new year 2024-2025 witnessed a dramatic "sprint" in oil prices. The last two trading sessions of 2024 saw significant acceleration. Specifically, on December 30, 2024, oil prices edged up slightly as investors anticipated lower temperatures in the US and Europe would boost diesel demand. Then, in the final session of the year, oil prices rose by approximately 1% following US airstrikes on Houthi targets in Yemen, raising concerns about geopolitical instability.

Despite a surge towards the end of the year, oil prices closed 2024 with a second consecutive year of declines. Specifically, Brent crude fell by about 3%, while WTI crude remained almost unchanged.

Entering 2025, oil prices experienced a "stagnant" session on January 1st due to market closures. However, the upward trend continued strongly in the first trading session of the new year (January 2nd). Oil prices surged by more than $1, supported by optimistic factors regarding the Chinese economy following President Xi Jinping's commitment to boosting growth, along with data showing a 1.2 million barrel decrease in US crude oil inventories. Nevertheless, the gains were somewhat limited by news of a sharp increase in US gasoline and distillate product inventories.

At the end of the week, Brent crude rose a total of $2.34 to $76.51 per barrel, and WTI crude increased by $3.36 to $73.96 per barrel. Thus, oil prices experienced their first consecutive week of gains in 2025, extending their upward trend to a second consecutive week.

Domestic retail gasoline and diesel prices on January 6, 2025, are applied according to the adjustment made at 3 PM on January 2 by the Joint Ministry of Finance - Ministry of Industry and Trade.

Item	Price (VND/liter/kg)	Difference compared to the previous period
E5 RON 92 gasoline	20,057	+240
RON 95 gasoline	20,746	+199
Diesel	18,755	+125
Oil	18,834	+126
Fuel oil	16,099	+129

Specifically, the price of E5 RON 92 gasoline increased by 240 VND/liter, reaching 20,057 VND/liter; RON 95 gasoline increased by 199 VND/liter, reaching 20,746 VND/liter.

Diesel fuel 0.05S increased by 125 VND/liter, reaching 18,755 VND/liter; kerosene increased by 126 VND/liter, reaching 18,834 VND/liter; mazut 180CST 3.5S increased by 129 VND/kg, reaching 16,099 VND/kg.

Gasoline and diesel prices today, January 6, 2025. Photo: Dinh Tuan

During this price adjustment period, the Ministry of Industry and Trade - Ministry of Finance did not allocate or utilize the Fuel Price Stabilization Fund for E5RON92 gasoline, RON95 gasoline, diesel fuel, kerosene, and fuel oil.

Source: https://congthuong.vn/gia-xang-dau-hom-nay-06012025-tiep-da-tang-trong-tuan-368079.html