Continued increase this week

Gasoline prices today January 6, 2025: World gasoline prices extended last week's increase, recording the second consecutive week of increase.

Gasoline price today January 6, 2025

Recorded on Oilprice at 4:30 a.m. on January 6, 2025 (Vietnam time), WTI oil price was at 74.07 USD/barrel, up 1.13% (equivalent to an increase of 0.83 USD/barrel).

WTI oil price on the world market in the early morning of January 6, 2025 (Vietnam time)

Similarly, Brent oil price was at 76.69 USD/barrel, up 0.76% (equivalent to an increase of 0.58 USD/barrel).

Brent oil price on the world market in the early morning of January 6, 2025 (Vietnam time)

This week, oil prices continued to climb, with Brent crude increasing by $2.34 to $76.51 per barrel and WTI crude increasing by $3.36 to $73.96 per barrel.

The week between the old year and the new year 2024-2025 witnessed a dramatic "sprint" of oil prices. The last two trading sessions of 2024 witnessed a significant acceleration. Specifically, on December 30, 2024, oil prices edged up slightly as investors expected lower temperatures in the US and Europe to boost diesel demand. Then, on the last session of the year, oil prices increased by about 1% after US airstrikes on Houthi targets in Yemen, raising concerns about geopolitical instability.

Despite a late-year pickup, oil prices ended 2024 with a second consecutive year of declines, with Brent down about 3% while WTI was flat.

Entering 2025, oil prices had a "standstill" session on January 1 due to the market closure. However, the increase continued strongly in the first trading session of the new year (January 2). Oil prices jumped more than 1 USD, supported by optimistic factors about the Chinese economy after President Xi Jinping's commitment to boost growth, along with data on US crude oil inventories falling by 1.2 million barrels. However, the increase was somewhat limited by information about the US gasoline and distillate inventories soaring.

Brent crude ended the week up a total of $2.34 to $76.51 a barrel, while WTI crude rose $3.36 to $73.96 a barrel. This marked the first consecutive week of gains in 2025, extending the rally to a second consecutive week.

Domestic retail gasoline prices on January 6, 2025 will be applied according to the adjustment session from 3:00 p.m. on January 2 by the Ministry of Finance - Ministry of Industry and Trade.

Item	Price (VND/liter/kg)	Difference from previous period
E5 RON 92 gasoline	20,057	+240
RON 95 gasoline	20,746	+199
Diesel	18,755	+125
Oil	18,834	+126
Fuel oil	16,099	+129

Specifically, the price of E5 RON 92 gasoline increased by VND240/liter, to VND20,057/liter; RON 95 gasoline increased by VND199/liter, to VND20,746/liter.

Diesel 0.05S price: Increased by 125 VND/liter, at 18,755 VND/liter; kerosene increased by 126 VND/liter, at 18,834 VND/liter; mazut 180CST 3.5S increased by 129 VND/kg, at 16,099 VND/kg.

Gasoline prices today January 6, 2025. Photo by Dinh Tuan

In this operating period, the Ministry of Industry and Trade - Ministry of Finance did not set aside or use the Petroleum Price Stabilization Fund for E5RON92 gasoline, RON95 gasoline, diesel oil, kerosene, and mazut oil.

Source: https://congthuong.vn/gia-xang-dau-hom-nay-06012025-tiep-da-tang-trong-tuan-368079.html