Gasoline prices today in the world

In the morning session of May 28, according to Vietnamese time, on the New York Mercantile Exchange, the price of WTI light sweet crude oil delivered in March, 2022 stood at $115.07/barrel, up $0.98/bbl. in session.

Brent oil price delivered in July 2022 stood at 119.25 USD/barrel, up 1.85 USD/barrel during the session.

It can be seen that crude oil prices in the world increased sharply today in the context of the EU’s announcement that it would implement an embargo on two-thirds of crude oil imports from Russia. Oil embargo production is expected to be around 2 million barrels per day.

According to analysts, after the harsh move with Russia, the EU will have to find new supplies from OPEC +, West Africa and the US. However, the amount of exploitation from OPEC + is also very limited and much lower than the target output.

Petrol price today June 1st: Continued to increase sharply by 1
Illustration

As for US shale oil, recent data shows that output in 2022 will only increase by about 900,000 bpd and can only return to pre-Covid-19 production levels in 2023.

Besides, after the EU embargoes on Russian oil imports, this country will be forced to find new customers and mainly India – a world largest crude oil consumer. However, shipping to India is quite difficult and the cost is also high.

Oil price also increased strongly today when the market received positive information about the increase in global consumption demand in the context that major cities, commercial and industrial centers of China such as Shanghai, Beijing … return. Normal state.

Following that, the resumption of supply chains, goods production, tourism, and aviation activities will also boost oil demand.

Petrol price today in the country

Gasoline price today

On the afternoon of May 23, the Ministry of Industry and Trade – Finance decided to adjust retail gasoline prices every 10 days.

During this adjustment period, the inter-Ministry decided to increase E5 RON 92 gasoline to 680 VND/liter with a maximum retail price of 29,630 VND/liter. For gasoline RON 95 is also adjusted to increase by 670 VND/liter with a maximum retail price of 30,650 VND/liter.. This is a consecutive price increase since the end of April. After this increase, domestic retail gasoline prices have been established. new peak.

Oil price today

At this operating period, the Inter-Ministry of Law also decreased sharply. Specifically, the selling price for diesel oil is 25,550 VND/liter, kerosene is 24,400 VND/kg, fuel oil is 20,590 VND/kg.

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