Gasoline price today October 16, 2024: Continue to decrease sharply
Oil prices today October 16, 2024: World oil prices continued to fall sharply for the third consecutive session. The prices of WTI and Brent crude oil decreased by 4.5% to 4.8%, respectively, compared to yesterday.
World oil prices
Crude oil prices on the international market fell sharply in the trading session on October 16, according to information from TradingEconomics and Oilprice. Specifically, WTI crude oil prices fell by 2.71 USD to 71.1 USD per barrel, a decrease of 3.68% compared to October 15.
Brent oil prices also fell $2.74 to $74.7 per barrel, down 3.55% from the previous day.
This is the third consecutive day that oil prices have fallen, since the last trading session on October 11. Compared to the highest price on October 11, WTI oil prices have decreased by 4.7 USD per barrel, equivalent to a decrease of 6.2%.
Brent oil prices also fell $4.6 per barrel, down 5.8% from the highest price of the same day.
Crude oil futures also fell, with US WTI and UK Brent both falling to $71.10 and $74.25 per barrel respectively.
During the trading session on October 15, Brent oil price dropped to only 73.2 USD per barrel, but increased slightly again on the morning of October 16.
Experts and oil pricing information sites say that controlling the conflict between Israel and Lebanon has helped reduce pressure on crude oil prices.
In addition, the US economic outlook and new developments in the US presidential election also affected the crude oil market, limiting price increases.
However, crude oil prices in October 2024 still increased from 2.6% to 3.76% compared to the previous month, reflecting the need to increase European storage for winter and the impact of political fluctuations in the Middle East.
Domestic gasoline prices
On October 10, domestic gasoline prices were adjusted up, with the new price being 1,200 VND/liter higher.
The petroleum price stabilization fund, according to the Ministry of Finance, has a balance of VND6,061 billion at the end of the second quarter of 2024.
Compared to the previous quarter, the fund decreased by VND18 billion, marking the fifth consecutive quarter of decline. Compared to the end of 2023, the petroleum price stabilization fund decreased by nearly VND600 billion.
Giá xăng E5RON92 tăng 996 đồng/lít so với giá cơ sở hiện hành với giá bán lẻ 19.846 đồng/lít;
Giá xăng RON95-III tăng hơn 1.258 đồng/ lít, giá bán lẻ 21.061 đồng/lít.
Dầu các loại cũng có xu hướng tăng mạnh:
Giá dầu diesel 0.05S tăng hơn 1.099 đồng/ lít, giá bán lẻ 18.500 đồng/lít;
Giá dầu hỏa tăng 1.139 đồng/lít so với giá cơ sở hiện hành, giá bán lẻ 18.790 đồng/lít;
Giá dầu mazut 180CST 3.5S tăng 908 đồng/kg so với giá cơ sở hiện hành, giá bán lẻ 15.911 đồng/kg.
Bộ Công Thương đã báo cáo hoạt động thương mại của tháng 9 và tổng kết 9 tháng đầu năm 2024.
Theo Nghị định số 80/2023/NĐ-CP, giá xăng dầu được điều chỉnh theo chu kỳ 7 ngày, phản ánh đúng mức giá xăng dầu thế giới. Chi phí kinh doanh xăng dầu được cập nhật thường xuyên, giúp doanh nghiệp đáp ứng đủ nhu cầu xăng dầu trong nước.
Trong 9 tháng qua, không có việc trích lập hay sử dụng Quỹ Bình ổn xăng dầu.
Chu kỳ điều hành giá 7 ngày giúp giá xăng dầu trong nước ổn định và gần với giá thế giới, doanh nghiệp có thể dự đoán giá và lên kế hoạch nhập khẩu dựa trên phân giao của Bộ.
This stability helps control inflation and balances the interests of gasoline traders and consumers.
