Gasoline prices today December 3: Mixed increases and decreases

World oil prices

At 6:00 a.m. on December 3, WTI oil price increased by 0.02 USD, equivalent to 0.03%, to 68.12 USD/barrel. Brent oil price decreased by 0.01 USD, equivalent to 0.01%, to 71.83 USD/barrel.

Oil prices were mixed amid hopes of stronger demand from rising factory activity in China and expectations the US Federal Reserve will not cut interest rates further at its meeting in December.

A private-sector survey showed China's manufacturing activity grew in November at its fastest pace in five months, boosting Chinese business optimism just as US President-elect Donald Trump ramped up trade threats.

Oil prices fluctuate. (Photo: Business Port Nigeria).

Meanwhile, the ceasefire between Israel and Lebanon, which went into effect last Wednesday, appears increasingly fragile. The Israeli military said on Monday that it is now attacking “terrorist” targets in Lebanon amid mutual accusations of ceasefire violations between Israel and the Lebanese militant group Hezbollah.

This week, the Organization of the Petroleum Exporting Countries and its allies (OPEC+) will meet on December 5 to decide on policy for the first months of 2025.

People will be paying attention to the possibility of a delay in OPEC+ production hike plans, as an indefinite delay could ease the downward pressure on prices, said George Pavel, general manager of Naga.com Middle East.

Domestic gasoline prices

In the operating period on November 28, the price of E5 RON92 gasoline increased by 497 VND/liter, not higher than 19,840 VND/liter. RON95 gasoline increased by 329 VND/liter, not higher than 20,857 VND/liter.

Diesel price increased by 268 VND/liter, not higher than 18,777 VND/liter. Kerosene increased by 221 VND/liter, not higher than 19,142 VND/liter and fuel oil price increased by 111 VND/kg, to 16,125 VND/kg.

In this management period, the Ministry of Industry and Trade - Ministry of Finance continues not to set aside or use the petroleum price stabilization fund for any products.

Ngoc Vy

Source: https://vtcnews.vn/gasoline-price-today-3-12-increases-afternoon-ar911040.html