Fuel prices today, June 11, 2025: Crude oil price decreases.
Gasoline and oil prices today, June 11, 2025: World crude oil prices fell slightly despite positive news from US-China trade negotiations.
World oil prices
Brent crude fell $0.17 to $66.87 per barrel; WTI crude dropped $0.31 to $64.98 per barrel.
The world's two largest economies have reached a framework agreement after high-level talks in London, which is expected to boost the global economy and oil demand.
However, analysts believe that the upward trend in oil prices is still primarily technical and could weaken if there is a lack of further supporting news.
Reuters quoted US Commerce Secretary Howard Lutnick as saying that the agreement with China also includes lifting restrictions on the export of rare earth elements and magnets – crucial components in the technology supply chain.
Conversely, Saudi Aramco announced it would reduce oil shipments to China in July to 47 million barrels, down 1 million barrels from the previous month. This move may indicate that OPEC+ has not yet eased production cuts, reducing the risk of oversupply in the short term.
Domestic fuel prices
At the price adjustment on June 5th, gasoline prices increased slightly. Specifically, E5 RON92 gasoline increased by 67 VND/liter, reaching a maximum of 19,263 VND/liter; RON95 gasoline increased by 133 VND/liter, not exceeding 19,698 VND/liter.
Conversely, the prices of petroleum products fluctuated unevenly. Diesel increased by 284 VND/liter, to 17,420 VND/liter; kerosene increased by 176 VND/liter, to 17,284 VND/liter. Only mazut decreased by 86 VND/kg, to 16,178 VND/kg.
The regulatory agency continues to neither allocate funds to nor disburse funds from the fuel price stabilization fund for any product during this period.
In Vietnam, several leading fuel distributors predict that domestic gasoline and diesel prices may increase across the board in the price adjustment period on June 12th. It is expected that RON95 gasoline will increase by approximately 300 VND/liter, while other types of diesel will increase by 200-300 VND/liter, not including the impact of the Price Stabilization Fund.
According to the Vietnam Petroleum Institute, gasoline prices could increase by 0.9 - 1.1%, while other petroleum products could rise by about 1.3 - 1.8%. It is highly likely that the Ministry of Finance and the Ministry of Industry and Trade will not allocate or disburse funds from the Price Stabilization Fund in the upcoming price adjustment.
