According to plan, the Ministry of Industry and Trade and the Ministry of Finance will adjust retail gasoline prices periodically tomorrow (June 12).
The leader of a key petroleum distribution enterprise in the South said that after the previous adjustment period, world crude oil prices have recently tended to increase.
On June 9, the price of imported gasoline in the Singapore market was at 78.69 USD/barrel for RON 95 gasoline, an increase of more than 1 USD/barrel compared to 5 days ago; RON 92 gasoline was at 76.85 USD/barrel, an increase of more than 1 USD/barrel. Therefore, it is likely that domestic gasoline prices will increase slightly in tomorrow's adjustment period.
Specifically, gasoline prices are expected to increase by about 50-150 VND/liter, while diesel prices may increase by 150-250 VND/liter. In case the Ministry of Industry and Trade and the Ministry of Finance jointly use the Price Stabilization Fund, gasoline prices may remain unchanged.
In addition, the owner of a petroleum distribution company in the North also predicted that the price of petroleum will increase in the operating period tomorrow. On June 10, the discount on petroleum at some warehouses was at 850-1,300 VND/liter.
If forecasts are correct, domestic RON 95 gasoline prices will increase for three consecutive sessions. Currently, this fuel price is still at its lowest level in the past four years, equivalent to May 2021. Since the beginning of the year, RON 95 gasoline has increased 12 times and decreased 11 times. Diesel has increased 11 times, decreased 11 times and remained unchanged once.
In the most recent adjustment on June 5, the management agency decided to increase the price of E5 RON 92 gasoline by 70 VND/liter to 19,260 VND/liter; RON 95 gasoline also increased by 130 VND/liter, to 19,690 VND/liter. Meanwhile, diesel increased by 290 VND/liter to 17,420 VND/liter, kerosene increased by 180 VND/liter to 17,280 VND/liter; meanwhile, fuel oil decreased by 90 VND/kg to 16,170 VND/kg.
In the world market, in the trading session on June 10, oil prices remained near the highest level in the past 7 weeks as the market waited for direction from the US-China trade negotiations. Analysts said a trade agreement between the world's two largest economies could boost oil prices, according to Reuters.
Meanwhile, the World Bank (WB) has lowered its global growth forecast for this year to 2.3%, cutting 0.4 percentage points from its previous forecast, citing higher taxes and increased uncertainty as "drag" on economies around the world.
According to Reuters, Saudi Arabia's oil giant Saudi Aramco will ship about 47 million barrels of oil to China in July, down 1 million barrels from June's supply. Senior commodities expert Daniel Hynes at ANZ bank said the prospect of OPEC continuing to increase production is still putting pressure on the market.
According to Trading Economics data, at 9:00 a.m. on June 11, WTI oil was trading at $64.89/barrel, up 0.45% from last week; similarly, Brent oil was also at $66.71/barrel, up 0.42%.
Source: https://dantri.com.vn/kinh-doanh/gia-xang-ngay-126-tang-hay-giam-20250611090747481.htm
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