Gasoline price today August 14: Plunging, lowest in more than two months

Brent crude oil prices fell 1.21% to $65.32/barrel, WTI fell 1.42% to $62.27/barrel due to increased US inventories. This afternoon, gasoline prices may fall by 300-500 VND/liter.

World oil prices

On the morning of August 14, 2025 (Vietnam time), Brent oil price decreased by 1.21% to 65.32 USD/barrel, WTI decreased by 1.42% to 62.27 USD/barrel. US crude oil reserves unexpectedly increased by 3 million barrels, reaching 426.7 million barrels, causing downward pressure on prices. The Trump-Putin meeting on August 15 in Alaska and the possibility of sanctions against Russia affected the market.

The IEA forecasts a rising oil surplus, with US output peaking at 13.41 million barrels per day this year, but declining by 2026.

Domestic gasoline prices

From 3:00 p.m. on August 7, 2025, E5RON92 gasoline increased by VND207/liter to VND19,608/liter, RON95 increased by VND234/liter to VND20,074/liter. Diesel decreased by VND268/liter to VND18,800/liter, kerosene decreased by VND54/liter to VND18,660/liter, and fuel oil increased by VND114/kg to VND15,647/kg. This afternoon, gasoline prices may decrease by VND300-500/liter.

Fuel type	Adjustment level (VND)	Maximum retail price (VND)
E5 RON92 gasoline	+ 207	19.608/liter
Gasoline RON95-III	+ 234	20.074/liter
Diesel 0.05S	- 268	18,800/liter
Oil	- 54	18,660/liter
Mazut oil 180CST 3.5S	+ 114	15.647/kg

Market situation

Weak oil demand, US oil exports fall due to tariffs. OPEC raises 2026 demand forecast to 1.38 million barrels/day, but non-OPEC+ supply increases sharply. If Russia-Ukraine talks fail, US may tighten sanctions, affecting oil prices.

Source: https://baodanang.vn/gia-xang-dau-hom-nay-14-8-lao-doc-thap-nhat-trong-hon-hai-thang-3299335.html