On July 15, gasoline prices tended to go down, losing about 0.5%. Accordingly, Brent crude oil price traded at 84.6 USD/barrel and US WTI oil price traded at 81.8 USD/barrel.
The International Energy Agency (IEA) recently lowered its forecast for global oil demand growth, in the context that world oil demand growth continues to slow down and consumption in China declines. Oil consumption in China fell continuously in April and May.
Domestically, information from a number of gasoline distributors shows that today's gasoline retail discount decreased slightly, and the discount for diesel products increased slightly.
According to a representative of a petroleum business, domestic gasoline prices will fluctuate according to the world petroleum situation. It is forecasted that in the next price management period (Thursday, July 18), gasoline prices will continue to decrease. In which gasoline decreased by 200-300 VND/liter, oil decreased by 200 VND/liter.
On July 15, the retail price of gasoline as announced by Petrolimex in the market of region 2 (far from ports, far from warehouses, far from refineries...) is as follows: RON 95-V gasoline 24,290 VND/liter, RON 95 gasoline -III 23,750 VND/liter, E5 RON92 gasoline 22,720 VND/liter, diesel oil 21,450 VND/liter, kerosene 21,450 VND/liter, fuel oil (wholesale) 18,130 - 21,180 VND/kg.
From the beginning of the year until now, since the price management session on January 4, gasoline prices have increased 16 times and decreased 12 times. Oil products increased 15 times and decreased 13 times.
