Gasoline price today February 21: Oil price has not stopped falling

World oil prices

At 6:00 a.m. on February 21, Brent crude oil was trading at $82.33 per barrel, down $1.22 from early yesterday morning. WTI crude oil was at $78.18 per barrel, down $1.01 from early yesterday morning.

Oil prices fell as the International Energy Agency (IEA) reported that oil demand this year will fall to 1.22 million barrels per day, about half the growth rate of 2023, lower than the previous forecast of 1.24 million barrels per day.

In addition, a larger-than-expected increase in US producer prices in January raised concerns about inflation and the appreciation of the US dollar also negatively impacted oil prices.

Oil prices continue to decline today. (Photo: oil-reuters).

However, oil prices still received support from supply concerns, as geopolitical risks in the Middle East showed no signs of abating.

Israel plans to launch a major landing on the Gaza city of Rafah.

In the Middle East, Iran-backed Houthi forces in Yemen continue to attack shipping lanes in the Red Sea and the Bab al-Mandab Strait, increasing risks to global oil shipments.

Investors are also watching data from China, from which they will have a clearer view of the economy of the world's leading oil consumer in the first month of 2024 to have direction in trading.

Domestic gasoline prices

From 3:00 p.m. on February 15, the price of E5 RON92 gasoline increased by 711 VND/liter, not higher than 22,831 VND/liter; RON95 gasoline increased by 675 VND, not higher than 23,919 VND/liter.

Prices of all types of oil also increased simultaneously, of which diesel increased by 654 VND, not higher than 21,361 VND/liter; kerosene increased by 633 VND, not higher than 21,221 VND/liter; mazut increased by 308 VND, not higher than 15,906 VND/kg.

Thus, gasoline prices have increased again after the first decrease in 2024. Before that, gasoline prices had increased 4 times in a row since the beginning of the year.

Ngoc Vy

Source: https://vtc.vn/gia-xang-dau-hom-nay-21-2-gia-dau-chua-ngung-da-giam-ar854377.html