Gasoline price today April 27, 2025: Slight recovery
Gasoline price today April 27, 2025: world oil price increased slightly but overall for the week still showed a downward trend.
According to Oilprice at 4:30 a.m., Brent oil price reached 66.91 USD/barrel, up 0.48%, while WTI oil stood at 63.17 USD/barrel, up 0.37%.
The average market price of crude oil fell nearly 9% in April. WTI fell about 9.3%, while Brent fell 8.3%. Compared to the same period last year, crude oil prices have now fallen sharply, from 24% to nearly 25%.
Oil prices were supported by China temporarily waiving import tariffs on some US pharmaceuticals, Reuters reported, raising hopes of a possible easing of US-China trade tensions, although Beijing quickly dismissed President Trump’s claim that tariff talks were progressing.
However, experts say the outlook for oil prices to rise in the short term is not very optimistic. Mr. Ole Hansen from Saxo Bank said that trade tensions between major oil consuming countries are still lingering, while OPEC+ may accelerate plans to increase production from June, making it difficult for oil prices to increase sharply.
In addition to pressure from supply, the geopolitical situation is also starting to have an impact again. Notably, the meeting between Russian President Vladimir Putin and US President Donald Trump's special envoy on April 25 was considered "constructive". If the disagreement over Ukraine is narrowed, oil supply from Russia to the international market may increase.
Domestic retail gasoline prices on April 27, 2025 will be applied according to the adjustment period from 3:00 p.m. on April 24, announced by the Ministry of Finance - Ministry of Industry and Trade.
Specifically, the price of E5 RON 92 gasoline increased by VND740/liter to VND19,238/liter. RON 95 gasoline increased by VND782/liter to VND19,638/liter. Diesel increased by VND487/liter to VND17,520/liter. Kerosene also increased by VND531/liter to VND17,715/liter, while fuel oil increased by VND564/kg to VND16,524/kg.
During this operating period, the Joint Ministry did not make any provisions or use the Petroleum Price Stabilization Fund for all products.
Since the beginning of 2025, domestic gasoline prices have undergone 17 adjustments, with 7 price increases, 7 price decreases and 3 periods of opposite fluctuations.
