Domestic gasoline prices today April 17, 2024

In the domestic market, retail prices of petroleum products this afternoon (April 17) will be applied according to the new price level.

Leaders of some petroleum companies said that domestic petroleum prices in this afternoon's management session were adjusted in the direction of increasing gasoline prices and decreasing oil prices.

If the regulatory agency does not influence the Petroleum Price Stabilization Fund, domestic gasoline prices may increase by 340-390 VND/liter. On the contrary, diesel prices may decrease by 90 VND/liter.

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Domestic gasoline prices are expected to increase. Photo: Tuan Anh

In the most recent petrol price adjustment period (April 11), retail prices of petrol products were adjusted to reduce the price of E5 RON 92 petrol, increase the price of RON 95 petrol and oil products (except mazut).

Specifically, the price of E5 gasoline decreased by 70 VND/liter, the selling price was at 23,840 VND/liter.

On the contrary, the price of RON 95 gasoline increased by 20 VND/liter, reaching 24,820 VND/liter.

Diesel price was adjusted up by 630 VND/liter, retail price to 21,610 VND/liter. Kerosene price increased by 580 VND/liter, price to 21,590 VND/liter.

World oil prices today April 17, 2024

In the world market, gasoline prices today, April 17, continued to increase slightly from the previous session.

In the trading session on April 16, world oil prices turned up after decreasing in the first session of the week.

Data from Oilprice shows that at 8:45 p.m. on April 16 (Vietnam time), Brent crude oil was trading at $90.11 per barrel, up $0.01, or 0.01%, from the previous session. WTI crude oil was at $85.48 per barrel, up $0.07, or 0.08%, from the previous session.

Oil prices fell slightly in the first trading session of the week as damage from Iran's airstrike on Israel last weekend was lower than expected, easing concerns about a rapidly escalating conflict in the Middle East.

Oil prices then rose on data showing China's economy - the world's largest oil importer - grew faster than expected.

China's official data showed the country's gross domestic product (GDP) grew 5.3% year-on-year in the first quarter of this year, far exceeding analysts' expectations.

Along with that, strong US retail sales also supported oil prices.

According to a report from the US Department of Commerce, in March, US retail sales increased by 0.7%. February retail sales also increased by 0.9%.

Oil prices today, April 16, 2024, turned up, towards the mark of 91 USD/barrel . Oil prices today, April 16, 2024, on the international market turned up after a slight decrease in the first session of the week. Brent oil prices are heading towards the mark of 91 USD/barrel.