Domestic gasoline prices today February 13, 2024

In the domestic market, the selling price of gasoline and oil today, February 13, is applied according to the price of the operating session on the afternoon of February 8.

Accordingly, the retail price of gasoline was adjusted down by the Ministry of Finance and the Ministry of Industry and Trade. In particular, the price of RON 95 gasoline decreased sharply, to 23,000 VND/liter.

Specifically, the price of E5 gasoline decreased to 22,120 VND/liter. The price of RON 95 gasoline decreased to 23,260 VND/liter.

Diesel price dropped to 20,700 VND/liter. Kerosene retail price dropped to 20,580 VND/liter.

Retail price of gasoline today:

Item Price from February 8 (unit: VND/liter) Compared to the previous period
RON 95-III gasoline 23,260 - 900
E5 RON 92-II gasoline 22,120 - 790
Diesel 20,700 - 290
Oil 20,580 - 340

World oil prices today February 13, 2024

In the world market, gasoline prices today, February 13, continued to decline following the downward trend from the previous session.

On February 12, international oil prices reversed and decreased after rising sharply last week.

According to data from Oilprice, at 7:23 p.m. on February 12 (Vietnam time), Brent oil price was trading at 81.24 USD/barrel, down 0.95 USD, equivalent to 1.16% compared to the previous session. Meanwhile, WTI oil price was at 75.95 USD/barrel, down 0.89 USD, equivalent to 1.16% compared to the previous session.

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Petrol prices continue to decline (Photo: Telegraph India)

Analysts say oil prices cooled as supply concerns eased.

Oil prices fell after Israel said it had ended its military operations in southern Gaza, easing concerns about Middle East supplies.

Along with that, information about US oil production also contributed to easing concerns about supply.

US energy companies recently increased the number of oil and natural gas rigs operating to the highest level since mid-December 2023. US oil production rose to a record high of 13.3 million barrels per day last week.

Meanwhile, the market remains concerned about oil demand. Trading activity in Asia is expected to be thin, as most countries in the region are on holiday for the Lunar New Year.

A US Federal Reserve official recently said he does not support cutting interest rates because the agency still needs to control inflation. Rising interest rates often slow economic growth, limiting oil demand.

Last week, world oil prices increased by more than 6%, after decreasing by more than 7% the previous week, recording the strongest weekly increase since the beginning of the year.

Oil prices rose for five consecutive sessions due to geopolitical instability in the Middle East, raising concerns that global supply will be limited.

Today's gasoline and oil prices on February 12, 2024 decreased slightly after a sharp increase . Today's gasoline and oil prices on February 12, 2024 on the international market reversed and decreased slightly after a sharp increase last week. Last week, world oil prices increased by more than 6%, after a sharp decrease the previous week.