Gasoline price today November 13: Maintained at low level

World oil prices

At 6:00 a.m. on November 13, WTI oil price decreased by 0.15 USD, equivalent to 0.22%, to 67.97 USD/barrel. Brent oil price increased by 0.06 USD, equivalent to 0.08%, to 71.89 USD/barrel.

Oil prices held low as investors digested OPEC's cut in demand growth forecasts, a strong dollar and disappointment over China's latest stimulus plan.

OPEC said world oil demand will grow by 1.82 million barrels a day this year, down from its forecast of 1.93 million barrels a day growth last month. The group also cut its estimate of global demand growth in 2025 to 1.54 million barrels a day from 1.64 million barrels a day.

Earlier this month, OPEC and its allies (OPEC+) decided to postpone plans to increase production in December amid falling prices.

Oil prices fall. (Photo: Fox Business).

China’s demand remains sluggish, and OPEC’s intervention in supply has not had the desired effect, said Gaurav Sharma, an independent oil analyst in London.

China's economic stimulus measures last weekend were not strong enough to boost economic growth, analysts said, as the US is likely to impose import tariffs of up to 60% on goods exported from China when US President-elect Donald Trump officially takes office.

Domestic gasoline prices

In the operating period on November 7, the price of E5 RON92 gasoline increased by 336 VND/liter, not higher than 19,744 VND/liter; the price of RON95 gasoline increased by 351 VND/liter, not higher than 20,854 VND/liter.

Meanwhile, the prices of many types of oil also increased: diesel price increased by 769 VND/liter, up to 18,917 VND/liter; kerosene price increased by 461 VND/liter, up to 19,294 VND/liter. In contrast, fuel oil price decreased by 67 VND/kg, not higher than 16,394 VND/kg.

In this period, the executive agency continues not to set aside or use the gasoline price stabilization fund for any products.

Ngoc Vy

Source: https://vtcnews.vn/gia-xang-dau-hom-nay-13-11-duy-tri-o-nguong-thap-ar907061.html