On the morning of June 27, gasoline prices increased slightly by about 0.3%. At 7:45 a.m. (Vietnam time), Brent crude oil prices increased by 14 cents to 66.83 USD/barrel; US WTI crude oil prices increased by 16 cents, trading at 65.4 USD/barrel.
Both crudes recovered from sharp losses earlier in the week, after data showed that gasoline demand in the United States remained strong. However, Brent crude was still down from its June 12 close of $69.36 a barrel, the day before Israel launched airstrikes on Iran.
Reuters cited data from the US Energy Information Administration (EIA) as saying that US crude and fuel inventories fell last week as refining activity and fuel demand both increased. Specifically, crude inventories fell by 5.8 million barrels, far exceeding expectations for a decrease of 797,000 barrels in a Reuters survey.
The highest domestic price of RON95 gasoline is about 22,000 VND/liter (PHOTO: NHAT THINH)
Another factor supporting oil prices was the US dollar index, which fell to a three-year low after reports that US President Donald Trump is considering a new Federal Reserve chairman sooner than expected. This raised expectations of an interest rate cut. A weaker US dollar makes oil cheaper for holders of other currencies, boosting demand for oil.
However, the risk of supply from the Middle East, although cooling down, still restrains the rise in oil prices. According to Reuters, US President Donald Trump affirmed that the US will continue to maintain maximum pressure on Iran, including measures to limit oil exports.
Domestically, yesterday afternoon (June 26), the Ministry of Finance - Industry and Trade adjusted the prices of all petroleum products. Specifically, the price of E5RON92 gasoline increased by 280 VND/liter; RON95-III gasoline increased by 263 VND/liter; diesel increased by 551 VND/liter; kerosene increased by 494 VND/liter. In particular, the price of fuel oil this time decreased by 374 VND/liter.
After adjustment, on the morning of June 27, the retail prices of popular petroleum products on the market are as follows: E5RON92 gasoline is no higher than VND20,911/liter; RON95-III gasoline is no higher than VND21,507/liter; 0.05S diesel is no higher than VND19,707/liter; kerosene is no higher than VND19,417/liter; 180CST 3.5S fuel oil is no higher than VND17,269/kg./.
According to Thanh Nien Newspaper
Source: https://thanhnien.vn/gia-xang-dau-hom-nay-2762025-tang-dong-loat-185250627081714083.htm
Source: https://baolongan.vn/gia-xang-dau-hom-nay-27-6-tang-dong-loat-a197757.html
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