Gasoline price today December 3, 2024: Oil prices decrease across the board
Gasoline and oil prices today December 3, 2024: World oil prices have decreased for the third consecutive session since the beginning of December 2024.
World oil prices
According to data from TradingEconomics and Oilprice, world crude oil prices continued to decline at the opening session on December 3. At 6:43 a.m. Vietnam time, WTI oil prices were trading at $68/barrel, down $0.55/barrel daily, down 0.8% daily.
Brent crude oil traded around $71.8/barrel, down about $0.57/barrel, or 0.8%.
A private sector survey showed China's manufacturing activity grew at its fastest pace in five months in November.
Meanwhile, the ceasefire between Israel and Hezbollah, which took effect on November 27, appears increasingly fragile. On December 2, the Israeli military said it was now attacking “terrorist” targets in Lebanon amid mutual accusations of ceasefire violations between Israel and Lebanon’s Hezbollah.
Despite some incidents, the ceasefire between Israel and Hezbollah remains in effect, the People's Army newspaper reported, according to the Pentagon.
In addition, OPEC+ countries have adjusted the policy meeting schedule to December 5 instead of December 1. OPEC+ is expected to decide to extend the production cut at this meeting.
Domestic gasoline prices
Domestic retail prices of gasoline and oil on December 3, 2024 will be applied according to the price level at the management session on the afternoon of November 28 of the Ministry of Finance - Industry and Trade.
Accordingly:
- RON 95-III gasoline price (common type on the market) increased by 330 VND/liter, retail price increased to 20,850 VND/liter;
- E5 RON 92 gasoline price increased by 500 VND, retail price at 19,840 VND/liter;
- Diesel price increased by 270 VND/liter, retail price 18,770 VND/liter;
- Kerosene price increased by 220 VND/liter, retail price 19,140 VND/liter;
- Fuel oil price increased by more than 110 VND/kg, retail price is more than 16,120 VND/kg.
Thus, since the beginning of the year, domestic gasoline prices have increased 23 times and decreased 24 times. Oil prices have increased 21 times and decreased 26 times.
