Gasoline price today October 13: Continues to drop sharply

Gasoline prices continued to plummet today, October 13, due to weak global demand. Domestic retail prices remained stable.

World oil prices today

In the international market, gasoline prices fell sharply today, October 13, continuing a series of declines since the beginning of October. According to Oilprice at 4:30 a.m. (Vietnam time), Brent oil prices fell 3.82% to 62.73 USD/barrel, equivalent to a decrease of 2.49 USD/barrel. WTI oil also fell sharply by 4.24% to 58.90 USD/barrel, losing another 2.61 USD/barrel compared to the previous session.

According to Reuters, oil prices are under pressure as the outlook for global demand weakens. Many major economies are slowing down, while prolonged tight monetary policies are reducing energy purchasing power. Along with that, OPEC+ announced increased production, and additional supplies from North and South America are more abundant, adding to the market's oversupply.

Domestic gasoline prices today

In Vietnam, gasoline prices today, October 13, remain at the same price as adjusted by the Ministry of Industry and Trade - Ministry of Finance from 3:00 p.m. on October 9, after a sharp decrease in the previous period.

Specifically:

E5RON92 gasoline decreased by VND486/liter, down to VND19,138/liter, while RON95-III gasoline decreased by VND480/liter, down to VND19,729/liter.

Diesel oil decreased by 434 VND/liter, to 18,604 VND/liter; kerosene decreased sharply by 571 VND/liter, to 18,434 VND/liter. Fuel oil alone also decreased by 562 VND/kg, currently being sold at 14,808 VND/kg.

In this operating period, the Joint Ministry did not set aside and did not spend the Petroleum Price Stabilization Fund for key products, in order to keep retail prices stable and support domestic consumption costs.

Source: https://baodanang.vn/gasoline-price-today-13-10-tiep-tuc-da-giam-sau-3306194.html