Gasoline price today May 14, 2025: Crude oil slightly decreased

World crude oil prices

According to the record at 11:30 am (Vietnam time) on the oilprice page, WTI oil price decreased by 0.24 USD/barrel, equivalent to 0.38%, to 62.99 USD/barrel. Meanwhile, Brent oil price also decreased by 0.3 USD/barrel, equivalent to 0.45%, currently trading at 66.33 USD/barrel.

The rise in oil prices was strongly supported by the temporary agreement between the US and China to cut import tariffs for 90 days. This agreement not only helped to ease trade tensions but also created positive sentiment in global financial and energy markets. At the same time, the recovery of the US stock market and the rise of the USD also contributed to strengthening the recovery trend of oil prices.

Another factor supporting the market was lower-than-expected US inflation data in April, which eased the pressure on the Federal Reserve to raise interest rates. This gave the oil market a breather and created more momentum for price increases.

However, OPEC+ plans to increase production by about 411,000 barrels per day from May are putting pressure on oil prices. In addition, Saudi Arabia – the second largest oil exporter to China – also said it would maintain high supply levels in June, which somewhat limited the price recovery.

However, demand for refined products such as gasoline and diesel remains high. According to JPMorgan analysis, the reduction in refining capacity, especially in the US and Europe, has made the refining market more scarce. This increases the risk of supply disruptions and could put pressure on retail gasoline prices in the near term.

Gasoline price today May 14, 2025

Domestic gasoline prices on May 14, 2025 continued to remain stable after being adjusted down in the most recent management period on May 8. According to the announcement from the Ministry of Industry and Trade - Ministry of Finance, the current prices of gasoline products are specifically as follows:

E5 RON 92 gasoline is being sold at a price no higher than VND18,777/liter, after a decrease of VND377 in the previous adjustment. RON 95-III gasoline decreased by VND407/liter, currently remaining at a maximum of VND19,179/liter.

Diesel 0.05S has dropped sharply by 550 VND/liter, currently priced at no more than 16,809 VND/liter. Kerosene has also dropped by 623 VND/liter, down to 16,941 VND/liter. Madut 180CST 3.5S has dropped by 665 VND/kg, currently sold at a maximum price of 15,533 VND/kg.

During the operating period on May 8, the Joint Ministry did not set aside or use the Price Stabilization Fund for all petroleum products. This shows that the operator is flexible in stabilizing domestic prices, while also reflecting positive signals from the world market with the previous trend of slightly decreasing oil prices.

Currently, the market is waiting for the next adjustment period scheduled to take place on May 15, in the context of a sharp increase in world oil prices, which could put pressure on domestic retail gasoline prices in the coming time.