Given the developments in world oil prices in recent days, representatives of some businesses predict that domestic gasoline prices may increase sharply in the adjustment period on June 19.
“The price of RON95 gasoline may increase by about VND1,300/liter; E5 RON92 gasoline may increase by about VND1,000/liter and diesel oil may increase by about VND1,100/liter,” Ms. Nguyen Thi Sinh, Director of a petroleum retail enterprise in the Northern region said.
Similarly, Mr. Nguyen Xuan Thang, Director of a petrol retail company in the Central Highlands region, said that petrol prices will increase by about 950 - 1,100 VND/liter, diesel prices may increase by 1,000 - 1,100 VND/liter. If the Ministry of Industry and Trade - Ministry of Finance uses the price stabilization fund, prices may increase less.
If forecasts are correct, gasoline prices will increase for four 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 2025, domestic gasoline prices have undergone 23 adjustment sessions, including 9 decreases, 9 increases and 5 opposite sessions.
During the operating period on June 12, the price of E5 RON92 gasoline increased by 199 VND/liter, not higher than 19,462 VND/liter. The price of RON95 gasoline increased by 269 VND/liter, not higher than 19,967 VND/liter.
Prices of all types of oil also increased simultaneously: Diesel oil increased by 280 VND/liter, not higher than 17,700 VND/liter. Kerosene price increased by 227 VND/liter, not higher than 17,511 VND/liter. Fuel oil increased by 283 VND/kg, not higher than 16,461 VND/kg.
On the world market, at 6:00 a.m. this morning, June 18, WTI oil price was at 75.53 USD/barrel, up 2.48 USD/barrel, while US Brent oil price was at 76.99 USD/barrel, up 2.58 USD/barrel.
Oil prices are rising again after President Donald Trump called for the evacuation of Tehran. His statement, which contradicted earlier optimism that the Israel-Iran conflict would not escalate into a broader regional conflict in the Middle East, increased volatility in financial markets.
On Monday, it was reported that Iran had signaled it wanted to ease tensions with Israel and was willing to restart nuclear talks as long as the US did not participate in Israel's attack.
The US president cut short his G-7 visit, reportedly due to escalating tensions in the Middle East, which has fueled speculation about the possibility of US involvement in the conflict.
The market remains tense, with the biggest concern being the possibility of a blockade of the Strait of Hormuz, which would send oil prices soaring. Nearly a third of global seaborne oil passes through the Strait of Hormuz. So far, oil export infrastructure has not been affected and the Strait of Hormuz has not been blocked.
Source: https://baolangson.vn/gia-xang-sap-tang-lan-thu-tu-lien-tiep-5050416.html
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