Gasoline price today September 18: Gasoline price expected to increase this afternoon

Oil prices fell today on the world market due to concerns about weak demand from the US. Domestically, there were adjustments up and down depending on the product.

World oil prices fell slightly

According to Oilprice on the morning of September 18 (Vietnam time), Brent oil price decreased by 0.52 USD to 68.22 USD/barrel, while WTI decreased by 0.47 USD to 64.05 USD/barrel. The main reason comes from newly released data showing that diesel inventories in the US increased, raising concerns about energy consumption demand in the world's largest economy .

Crude inventories fell last week due to a surge in exports, but distillate inventories, which include diesel, rose, the U.S. Energy Information Administration (EIA) said, pulling oil prices back from a more than 1% gain in the previous session.

According to Phil Flynn from Price Futures Group, diesel is the “weak link” that is causing instability in the global energy market. In the context of the Fed just cutting interest rates by 0.25 percentage points as predicted, investors are still cautious, waiting for clearer signals from the US economy.

Domestic gasoline prices on September 18

This morning's retail gasoline prices are applied according to the operating period from 3:00 p.m. on September 11. E5 RON92 gasoline decreased by 95 VND/liter, to 19,756 VND/liter. RON95-III gasoline decreased by 39 VND/liter, to 20,400 VND/liter.

Oil prices have had different adjustments. Diesel 0.05S increased by 170 VND/liter, to 18,643 VND/liter. Kerosene increased by 54 VND/liter, to 18,314 VND/liter. Fuel oil 180CST 3.5S decreased by 286 VND/kg, to 15,090 VND/kg.

Forecast of domestic gasoline prices on September 18

In Vietnam, according to the operating cycle of the Ministry of Industry and Trade - Finance, the Ministry of Industry and Trade - Finance will announce new retail prices from 3:00 p.m. this afternoon.

Accordingly, gasoline prices are expected to increase slightly. E5 RON92 gasoline may increase by 178 VND/liter, to 19,928 VND/liter; RON95-III may increase by about 180 VND/liter, to 20,580 VND/liter.

Oil prices are expected to remain stable or fluctuate slightly. Diesel is forecast to rise to VND18,649 per liter, kerosene to VND18,470 per liter, and fuel oil to remain almost unchanged at VND15,090 per kilogram.

In the previous management period, gasoline prices decreased slightly, while oil prices fluctuated in opposite directions. The Joint Ministry continued not to set aside or spend from the Petroleum Price Stabilization Fund to keep prices close to the international market.

Source: https://baodanang.vn/gasoline-price-today-18-9-chieu-nay-gasoline-price-expected-to-increase-3303085.html