Gasoline prices today August 27: Domestic gasoline increases for the second consecutive week?

World oil prices fell more than 2% in the session ending early this morning.

On the morning of August 27, oil prices continued to decline, Brent oil decreased by 1.58 USD/barrel, equivalent to 2.3%, to 67.22 USD/barrel; WTI oil decreased by 1.55 USD/barrel, equivalent to 2.4%, to 63.25 USD/barrel.

Concerns about the risk of disruption to fuel supplies from Russia have pushed oil prices up slightly in recent sessions, but according to analysts, the instability caused by the conflict in Ukraine and trade tensions make it difficult for investors to commit to any long-term trend. Oil prices have now turned lower, with global benchmark Brent crude forecast to fluctuate between $65 and $74 per barrel.

In fact, Ukraine’s retaliation disrupted refining operations, causing gasoline shortages in some regions of Russia. Russia subsequently raised its planned crude exports from its western ports by about 200,000 barrels per day in August, as inventories rose after some refineries were shut down. The abundant supply may have helped push prices lower.

Domestic gasoline prices may increase again from tomorrow afternoon, August 28. PHOTO: NHAT THINH

In another development, India is facing a threat of US import tariffs of up to 50%, one of the highest ever imposed by the US. Analysts say the US could double tariffs on Indian goods as early as this week, further squeezing the flow of Russian oil, which has been hit by recent attacks in Ukraine.

Given the recent developments in world petroleum prices, domestic petroleum retail prices are forecast to continue to increase in the price adjustment period tomorrow afternoon (August 28). The increase in gasoline prices could be around 400 VND/liter while diesel prices are likely to increase even more. This forecast does not include the Petroleum Price Stabilization Fund./.

According to Thanh Nien Newspaper

Source: https://thanhnien.vn/gia-xang-dau-hom-nay-2782025-xang-trong-nuoc-tang-tuan-thu-2-lien-tiep-1852508270839214.htm

Source: https://baolongan.vn/gia-xang-dau-hom-nay-27-8-xang-trong-nuoc-tang-tuan-thu-2-lien-tiep-a201441.html