Gasoline price today October 19, 2025: Oil price decreased nearly 3% in the week
Oil prices today October 19, 2025: Oil prices fell nearly 3% this week, impacted by forecasts of oversupply and US-China trade tensions that weakened demand.
World oil price today October 19: Down nearly 3% this week
World oil prices ended the week down nearly 3%, although the weekend session recorded a slight recovery.
Specifically, Brent oil price closed at 61.29 USD/barrel, up 23 cents (0.38%), while US WTI oil price reached 57.54 USD/barrel, up 8 cents (0.14%).
However, current oil prices are still the lowest in about 5.5 months, reflecting the weakening trend of the global energy market.
According to the International Energy Agency (IEA), global oil supply is showing signs of surplus, making it difficult for oil prices to maintain their upward momentum in the short term.
Energy markets are stabilizing as geopolitical risks have eased somewhat. US President Donald Trump and Russian President Vladimir Putin have agreed to hold a new summit to discuss the situation in Ukraine, coinciding with a visit by the Ukrainian president to the White House to push for a new military aid package.
In addition, the US continues to pressure India and China to stop importing oil from Russia – one of the factors that can reshape the flow of global energy trade. In addition, a rare peace agreement signed in the Middle East also contributes to reducing regional tensions, making oil prices no longer have as strong supporting factors as before.
In addition to geopolitical factors, escalating trade tensions between the US and China are negatively impacting the global economic outlook. Investors are concerned that the confrontation between the world's two largest economies will reduce growth and energy demand.
Oil prices were also affected this week by a report of a sharp increase in US fuel inventories, indicating that domestic energy consumption is slowing. This data further reinforced concerns about the risk of oversupply, making it difficult for oil prices to rebound sharply in the near future.
Experts say that although oil prices have had short-term recoveries, the market is still under great pressure from oversupply. As production in the US and some OPEC+ countries remains high, supply continues to exceed demand, pushing oil prices down.
Many analysts predict that oil prices may continue to fluctuate around $60 per barrel in the short term. The lack of strong supporting factors and weak global energy demand make it difficult for oil prices to recover quickly, although positive signals from international politics are gradually appearing.
Gasoline price today October 19, 2025
On the afternoon of October 16, the Ministry of Industry and Trade - Ministry of Finance announced the adjustment of retail gasoline prices in the new management period. From 3:00 p.m. on the same day, the price of E5 RON 92 gasoline increased by 88 VND/liter to 19,226 VND/liter, while RON 95-III gasoline increased by 174 VND/liter, reaching 19,903 VND/liter.
On the contrary, oil prices decreased, of which diesel decreased by 181 VND/liter, kerosene decreased by 28 VND/liter, and mazut decreased the most with 437 VND/liter.
| Item | Price adjusted on October 16, 2025 (Unit: VND/liter) | Compared to yesterday (October 9, 2025) (Unit: VND/liter/kg) |
| E5 RON 92-II gasoline | 19,226 | +88 |
| RON 95-III gasoline | 19,903 | +174 |
| Diesel oil 0.05S19.038 | 18,423 | -181 |
| Kerosene | 18,406 | -28 |
| Fuel oil | 14,371 | -437 |
During this operating period, the management agency continues not to set aside or use the Petroleum Price Stabilization Fund.
The Ministry of Industry and Trade and the Ministry of Finance said the management goal is to maintain a reasonable price difference between E5 RON 92 bio-fuel and RON 95 mineral gasoline to encourage people to use environmentally friendly fuel.
