Table of Contents
Gasoline prices today in the world
Closing the last session of the week, according to Vietnam time, on the New York Mercantile Exchange, the price of WTI light sweet crude oil delivered in March 2022 stood at $118.09/barrel, down $1.06/barrel during the session. Brent oil price delivered in August 2022 stood at 121.77 USD/barrel, down 1.30 USD/barrel during the session.
As can be seen, oil prices entered a volatile trading week. Right in the first trading session of the week on June 6, oil prices tended to increase strongly when the market recorded information that Saudi Arabia increased sharply the price of oil and the dollar decreased. The reason is that the US allows oil to be transported from Venezuela to Europe.
In addition, the news that OPEC+ decided to sharply increase production by 650,000 bpd, much higher than the 432,000 bpd increase in output made since April 2022, also affected oil prices today.
In addition, consumption demand in China is forecasted to increase sharply when the blockade orders are lifted along with countries entering the peak summer season.
In the following trading sessions, the gain of oil continued to be maintained when supply pressure tightened and demand increased, while the dollar weakened when many central banks planned to sharply increase interest rates.
Oil prices peaked on June 9 when the risk of disruption to crude oil supplies from Norway was raised. The global oil supply is also forecasted to be difficult to make a breakthrough to fill the supply shortage from Russia as well as meet the increased consumption demand due to investment in oil and gas prospection, exploration and production. plummeted 23% in 2021, to $341 billion.
However, on June 10, oil prices suddenly turned back sharply because the market was concerned that crude oil demand from China began to decline when some Shanghai imposed new blockade measures to contain it. Covid-19 pandemic. The stronger USD when 10-year US bond yields recovered also put pressure on oil prices to drop.
Petrol price today in the country
Gasoline price today
On the afternoon of June 1, the Ministry of Industry and Trade – Finance decided to adjust the retail gasoline price every 10 days.
In this adjustment period, the inter-Ministry decided to increase E5 RON 92 gasoline to 600 VND/liter with a maximum retail price of 30,230 VND/liter. For gasoline RON 95 is also adjusted up by 920 VND/liter with a maximum retail price of 31,570 VND/liter. This is the 5th consecutive price increase.
Oil price today
Not only increasing the price of gasoline, but also oil products, at this operating period, the inter-Ministry also decreased sharply. Specifically, the selling price for diesel oil is 26,390 VND/liter, kerosene is 25,340 VND/kg, fuel oil is 20,900 VND/kg.