On July 15, world gasoline prices tended to go down, losing about 0.5%. In particular, Brent crude oil price is trading at 84.6 USD/barrel; US WTI oil price is trading at 81.8 USD/barrel.
Last week, both Brent and WTI oil recorded a week of decline in price with Brent oil down more than 1.7%, WTI oil down 1.1%.
Oil prices have continuously slid in the first two trading sessions of the week due to expectations that tensions in the Gaza Strip will cool down after the parties were able to reach a ceasefire agreement and the limited impact of Hurricane Beryl on the region. oil supply.
Also last week, the International Energy Agency continued to emphasize that global oil demand growth is slowing to less than 1 million barrels per day this year and next, while the Organization of Petroleum Exporting Countries kept it unchanged. World demand growth is forecast at 2.25 million barrels/day in 2024 and 1.85 million barrels/day in 2025.
Domestically, information from some 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 about 100 VND/liter, oil decreased by 200 VND/liter.
On July 16, 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.
