According to a survey at 5:23 p.m. on June 16 (Vietnam time), WTI oil prices decreased by 0.30 USD/barrel (down 0.42%), down to 72.98 USD/barrel. Brent oil price decreased by 0.33 USD/barrel (down 0.44%), down to 73.90 USD/barrel.
Oil prices fluctuated strongly on the first day of the week, after increasing by 7% last weekend. The reason is that new airstrikes by Israel and Iran over the weekend increased concerns that the conflict could spread throughout the Middle East and significantly disrupt oil exports from the region.
The world petroleum market last week (from June 5, 2025 to June 11, 2025) was affected by main factors such as: escalating tensions between the US and Iran (a member of OPEC) in nuclear negotiations; decreased US crude oil inventories; updated information on US tax policies on goods of trading partners; military conflict between Russia and Ukraine continues...
The above factors have mainly caused the world oil price to increase in recent days.
Regarding the domestic petroleum situation, representing 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 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 16, 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).
