Gasoline price today June 28: Rising again

At 6:00 a.m. on June 28, the price of WTI oil was 65.86 USD/barrel, up 0.63 USD/barrel, while the price of US Brent oil was at 68.15 USD/barrel, up 0.42 USD/barrel.

Although oil prices rose slightly today, overall, oil prices had their sharpest weekly decline since March 2023. The reason is that the Iran-Israel conflict did not cause any major disruptions in supply, making geopolitical risks no longer have much impact on oil prices.

Earlier, when tensions escalated after Israel attacked Iran’s nuclear facilities on June 13, Brent crude oil prices exceeded $80 but quickly fell to $67 after US President Donald Trump announced a ceasefire between the two sides. This development caused Brent and WTI oil prices to drop by about 12% this week.

World oil prices increased slightly today. (Illustration photo)

The market has almost completely erased the price increase due to geopolitical risks, returning to being driven by fundamental supply and demand factors, according to Rystad's Janiv Shah. Investors are also waiting for the OPEC+ meeting on July 6, in which the group is likely to increase production by 411,000 barrels per day. In addition, indicators of summer demand also play an important role.

Several recent inventory reports have pointed to strong consumption in middle distillates, helping to support oil prices. Data from the U.S. Energy Information Administration (EIA) released Wednesday showed crude and fuel inventories falling, while refinery activity and demand increased.

In Europe, gasoil inventories at the ARA (Amsterdam-Rotterdam-Antwerp) hub fell to their lowest in more than a year. In Singapore, middle distillate inventories also fell as net exports increased during the week.

Meanwhile, China, the world’s largest oil importer, has sharply increased its imports of Iranian crude in June. China bought more than 1.8 million barrels per day from Iran between June 1 and 20, the highest since the firm began tracking the data, according to data from Vortexa, due to a surge in shipments ahead of the conflict and increased demand from private refineries.

Domestic gasoline prices

During the operating period on June 26, the price of E5 RON92 gasoline increased by VND280/liter, to VND20,911/liter. The price of RON95 gasoline increased by VND263/liter, not higher than VND21,507/liter.

Prices of all types of oil also increased simultaneously, specifically: Diesel oil price increased by 551 VND/liter, up to 19,707 VND/liter. Kerosene price increased by 494 VND/liter, not higher than 19,417 VND/liter. Meanwhile, fuel oil price went in the opposite direction, decreasing by 374 VND/kg to 17,269 VND/kg.

In this period, the regulatory agency continues not to set aside or use the gasoline price stabilization fund for all products.

Since the beginning of 2025, domestic gasoline prices have undergone 25 adjustment sessions, including 9 decrease sessions, 11 increase sessions and 5 opposite sessions.

Source: https://baolangson.vn/gia-xang-dau-hom-nay-28-6-bat-tang-tro-lai-5051447.html