According to a survey at 11:29 p.m. on June 24 (Vietnam time), WTI oil prices decreased by 1.61 USD/barrel (down 2.35%), down to 66.90 USD/barrel. Brent oil prices fell by 1.84 USD/barrel (down 2.61%), down to 68.68 USD/barrel.
US President Donald Trump announced on Monday that Israel and Iran have reached a complete ceasefire agreement. Iran will immediately start a ceasefire, while Israel will do so after 12 hours. If both sides comply with the agreement, the war will officially end after 24 hours, ending the 12-day conflict.
If the ceasefire goes as expected, investors can expect oil prices to return to normal, according to market analysts. In the future, compliance with ceasefire conditions between Israel and Iran will be a decisive factor affecting oil prices.
According to a representative of a petroleum business, domestic petroleum prices will fluctuate according to the world petroleum situation. According to current market developments, it is forecasted that in the upcoming price adjustment period, retail prices of gasoline may continue to increase sharply.
In particular, the price of RON 95 - III gasoline is forecast to increase by about 700-800 VND/liter; E5 RON 92 - II gasoline increases by about 700-800 VND/liter; Diesel increases by about 800-1,000 VND/liter.
Domestic retail gasoline prices on June 24, 2025 will be applied according to the adjustment session from 3:00 p.m. on June 19 of the Ministry of Finance - Ministry of Industry and Trade.
In the adjustment session on June 19, the price of E5 RON 92 gasoline increased compared to the previous adjustment period, at VND 20,631/liter (up VND 1,169/liter). RON 95-III gasoline price increased compared to the previous adjustment period, priced at VND 21,244/liter (up VND 1,277/liter).
Prices of oil products have also increased simultaneously. Of which, diesel 0.05S is priced at VND 19,156/liter (up VND 1,456/liter); kerosene has a new price of VND 18,923/liter (up VND 1,412/liter); mazut is priced at VND 17,643/kg (up VND 1,182/kg).
