Gasoline price today April 19, 2025: Clear recovery
Gasoline prices today April 19, 2025: Domestic gasoline prices remain stable. Meanwhile, the international market recorded a clear recovery in crude oil prices.
According to the update on the morning of April 19, WTI oil price stood at 64.68 USD/barrel, while Brent oil reached 67.96 USD/barrel. Both types of oil increased sharply last week, with Brent oil increasing nearly 5% and WTI exceeding 5%, ending a three-week streak of consecutive declines.
The rally was supported by a number of factors. Positive economic data for March, along with increased oil imports from China, also prompted by the US imposing sanctions on China’s Shengxing Chemical refinery for buying oil from Iran, raising concerns about further supply tightening.
OPEC+ has also adjusted its production quotas, contributing to increasing market expectations. However, uncertainties surrounding US-China trade tensions and global policies remain factors that could restrain oil price recovery in the coming time.
Domestic gasoline prices on April 19, 2025 will continue to be applied according to the latest adjustment period from 3:00 p.m. on April 17 by the Ministry of Finance and Industry and Trade. Accordingly, the prices of major gasoline products have decreased slightly compared to the previous adjustment period on April 10.
Specifically, E5 RON 92 gasoline decreased by 384 VND/liter, now at 18,498 VND/liter. RON 95 gasoline also decreased by 351 VND/liter, down to 18,856 VND/liter. The price of 0.05S diesel decreased by 206 VND/liter, down to 17,037 VND/liter. Kerosene decreased by 229 VND/liter, down to 17,184 VND/liter. Madut oil alone increased by 58 VND/kg, up to 15,960 VND/kg.
In this management period, the joint ministries continued not to set aside or spend the Petroleum Price Stabilization Fund for all products. This shows that domestic prices are adjusted mainly according to world market developments without using price stabilization tools.