Gasoline prices today 23/4: Continuing strong, setting a new record in 2019

Gasoline prices today rose by 3%, setting a new record of 2019 after his government Trump declared all countries still import oil from Iran to cease operations within a week if not will be subject to US sanctions apply.

World oil prices

After galloping rally late yesterday, at 7:30 the day 23/4 (now Vietnam), WTI oil price increased by 0.3% to 65.8 64 USD / barrel. Brent oil prices rose 0.2% to 74.4 USD / barrel.

End the session on Monday (22/4), crude oil prices rose about 3%, setting a new record level of government in 2019 after Mr. Trump declared all countries still importing oil from Iran termination of this activity within a week that would otherwise be subject to US sanctions apply.

Brent oil prices rose 2.9% to 74 USD / barrel, the highest level since the beginning of 2019 until now. WTI oil price rose 1.7 USD to 65.7 USD / barrel.

Crude oil prices rose sharply after the Washington Post published the decision of President Donald Trump about the new policy for the importation of Iranian oil from the water.

Earlier, May 11/2018, US pressure on Iran sanctions after President Donald Trump’s decision to withdraw from the nuclear deal.

However 8 countries / territories are American Review in exceptional circumstances, continue to import crude oil from Iran including China, India, Japan, Korea, Italy, Turkey, Greece and Taiwan Loan. Total exports of Iranian oil has plummeted from 2.5 million barrels / day to 1 million barrels / day after the sanctions take effect.

Gasoline prices flat at 7.30 at $ 2 / gallon.

Vietnam gasoline prices

Pm on 17/4, the Union of Industry and Trade – Finance for the adjustment of petroleum prices. Accordingly, after the implementation of the appropriation and expenditure using Stabilization Fund gasoline prices, adjusted increase prices of petroleum products common consumer market as follows:

Petrol E5RON92: increased 1,115 VND / liter;

RON95 petrol-III: increased 1,202 VND / liter;

Diesel 0.05 seconds: increased 297 VND / liter;

Oil: increased 291 VND / liter;

Fuel Oil 180CST 3.5 secs: increased 407 dong / kg.

Thus, the price of petroleum products common consumer market is not higher than prices:

Gasoline E5RON92: not more than 19 703 high copper / liter;

RON95 petrol-III: no higher 21 235 VND / liter;

Diesel 0.05 seconds: no more than 17 384 high copper / liter;

Kerosene: not more than 16 262 high copper / liter;

Fuel Oil 180CST 3.5 secs: not more than 15 617 high / kg.

Gasoline prices officially effective from 15h pm on 17/4.

Duc Quynh 

According Economics & Consumer