According to a survey at 15:05 on June 17 (Vietnam time), WTI oil price increased by 1.01 USD/barrel (up 1.44%), to 71.26 USD/barrel. Brent oil price increased by 0.93 USD/barrel (up 1.27%), to 74.16 USD/barrel.
Oil prices recorded an upward trend in the third trading session, in the context of analysts commenting that uncertainty in the Middle East continued to create pressure for prices to remain high. Although there has been no specific signal that oil production is directly affected by tensions between Iran and Israel, the potential risks from this area still make the market worried about the risk of supply disruption.
However, according to some sources from the energy industry, up to now, there is no clear evidence that oil supply has actually decreased.
Regarding the domestic petroleum situation, a representative of a petroleum business said that the domestic market 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 increase sharply.
In particular, the price of RON 95 - III gasoline is forecast to increase by about 1,190 VND/liter; E5 RON 92 - II gasoline increases by about 1,070 VND/liter; Diesel increases by about 1,030 VND/liter.
Domestic retail gasoline prices on June 17, 2025 will be applied according to the adjustment session from 3:00 p.m. on June 12 of the Ministry of Finance - Ministry of Industry and Trade.
In the adjustment session on June 12, the price of E5 RON 92 gasoline increased compared to the previous adjustment period, at VND 19,462/liter (up VND 199/liter). RON 95-III gasoline price increased compared to the previous adjustment period, priced at VND19/967/liter (up VND269/liter).
Prices of oil products have also increased simultaneously. Of which, diesel 0.05S is priced at VND17,700/liter (up VND280/liter); kerosene has a new price of VND17,511/liter (up VND227/liter); mazut is priced at VND16,461/kg (up VND283/kg).
