Gasoline price today September 25, 2024: Slight increase due to war in the Middle East

World oil prices today

As of 6:08 a.m. this morning, Vietnam time, WTI crude oil price reached 71.546 USD/barrel, up 1.67%, while Brent oil reached 75.152 USD/barrel, up 1.69% compared to yesterday.

Compared to last month, WTI crude oil prices decreased by 7.56%, Brent oil decreased by 7.69%. Compared to last year, WTI crude oil prices decreased by 18.83%, Brent oil decreased by 16.92%.

Brent crude oil prices rose on China's economic stimulus and tensions in the Middle East. China's central bank has launched a massive stimulus package to boost growth and cut interest rates, countering the risk of a prolonged recession.

Tensions in the Middle East have risen following Israeli airstrikes on Hezbollah in Lebanon, causing many casualties and potentially leading to wider conflict.

Concerned about oil supplies, US oil producers in the Gulf of Mexico evacuated rigs and halted production due to the storm, and Shell shut down some facilities as a precaution.

Domestic gasoline prices today

On September 19, gasoline prices were adjusted to reflect changes in the international market. In this adjustment, the Ministry of Finance and the Ministry of Industry and Trade decided not to contribute to the Petroleum Price Stabilization Fund.

At the same time, this fund will not be used for products such as E5RON92 gasoline, RON95 gasoline, diesel, kerosene and fuel oil. Therefore, the prices of common fuels on the market will be updated according to this decision.

The price of E5RON92 gasoline increased by 51 VND/liter, at a level not higher than 18,941 VND/liter, 821 VND/liter lower than RON95-III gasoline;

RON95-III gasoline price increased by 127 VND/liter, at a level not higher than 19,762 VND/liter;

The price of 0.05S diesel decreased by VND122/liter, at a level not higher than VND18,776/liter;

Kerosene price decreased by 239 VND/liter, at a level not higher than 17,551 VND/liter;

The price of 180CST 3.5S fuel oil increased by VND359/kg, at a level not higher than VND14,826/kg.

Based on current market conditions, gasoline prices are expected to increase in the next price adjustment period on Thursday, September 26, 2024.

Specifically, the price of RON 95 gasoline may increase by about VND820 per liter. E5 RON 92 gasoline is expected to increase by VND740 per liter. Diesel oil (DO) may increase by VND380 per liter.

These forecast figures do not include fluctuations due to the management agency using the Petroleum Price Stabilization Fund to adjust prices.