Gasoline prices today 4/1 in the world: Strong increase in the past 2 months
Dan Viet’s latest update, gasoline price 4/1 in the world at 6:43 a.m. (Vietnam time), specifically as follows:
WTI crude oil price increased to 72,907 USD/barrel, equivalent to an increase of 3.59%; Brent oil price increased to 78,318 USD/barrel, equivalent to an increase of 3.2% compared to the previous trading session. Compared to the same period last year, WTI crude oil prices decreased by 0.26%, Brent oil prices decreased by 0.39%.
Gasoline prices today, January 4, around the world increased “shockingly”. Tradingeconomics photo.

Information about gasoline prices on January 4. Tradingeconomics photo.
WTI crude oil prices edged higher to $73/barrel, the highest daily increase since mid-November 2023.
The reason for the sharp price increase in today’s trading session is due to concerns about supply after the closure of oil fields in Libya and continuing tensions in the Middle East. At the same time, supply disruptions in Libya, where protests led to the closure of the country’s largest oil field, Sharara, are also of concern. It is known that this oil field has provided about 300,000 barrels per day.
Previously, crude oil prices fell nearly 2% from Tuesday, causing investors to reduce expectations for significant interest rate cuts by major central banks around the world.
At this time, global supply is increasing strongly, especially from non-OPEC producers, and the uncertain demand outlook continues to weigh on the market. Geopolitical tensions are another area of concern, with Iran deploying warships in the Red Sea to challenge US forces on the vital trade route.
Over the weekend, US Navy helicopters destroyed three Houthi boats as the crew tried to board a container ship in the Red Sea, killing several people in the process.
The latest data shows that oil inventories at Cushing have increased and are at their highest level since August. This proves that supply is increasingly exceeding demand at the end of the year and the beginning of the new year. Reported data showed the sharpest decline in US crude oil inventories in four months, while API data pointed to an increase of 1.8 million barrels.
Elsewhere, OPEC member countries quickly reaffirmed their commitment to output policy after Angola quit the producer group on Friday due to disagreements over quotas.
On the demand side, further signs of easing US inflation have reinforced expectations that the Federal Reserve will begin cutting interest rates next year, boosting the outlook for global growth and demand. energy.
Meanwhile, oil prices came under pressure on Thursday after Angola announced it would leave OPEC after 16 years amid disagreement over the country’s oil output quota for 2024. OPEC has tried to limit supply as Non-OPEC production, led by the US, continues to increase.
Gasoline prices today 4/1 domestically
This afternoon, the Ministry of Industry and Trade and the Ministry of Finance will adjust gasoline prices and it is predicted that they may decrease. At this time, domestic gasoline prices are still trading at the following specific levels:
In the most recent adjustment of gasoline prices, the Joint Ministry of Finance – Ministry of Industry and Trade continued to decide to set aside the BOG Fund for fuel oil at 300 VND/kg and not set aside the BOG Fund for gasoline and diesel products. and kerosene.
It is known that from the beginning of 2023 now, gasoline prices There have been 37 adjustment periods in the country, including 18 increases, 13 decreases and 5 periods of remaining the same.
The Joint Ministry of Industry, Trade and Finance said that the increase/decrease in the world petroleum market over the past 7 days changed daily and was intertwined. Previously, it was forecast that US crude oil reserves would decrease while inventories increased and shipping activities in the Red Sea would resume.
The average finished product price of RON 92 gasoline (the type used to prepare E5 RON 92) is 88.29 USD per barrel, down 0.11%; RON 95 was $92.34 per barrel, down 0.01%. Oil products increased by 0.23-3.6% compared to 7 days ago, such as diesel and kerosene at 99.24 USD and 101.95 USD per barrel, respectively.

Gasoline prices today, January 4, decreased slightly in the country. Photo by Khai Pham.
According to Vietnam Petroleum Group – Petrolimex, for areas far from ports, far from wholesale warehouses, far from petroleum production facilities as prescribed in Clause 27, Article 1, Decree 95/2021/ND-CP dated November 1, 2021 of the Government (Petrolimex referred to as “Region 2”); The General Director of Petrolimex empowers the Directors of Petrolimex member petroleum companies to directly decide the actual selling price in the business area but must not exceed the price level of region 2 mentioned above.
This adjustment of gasoline prices is carried out in accordance with Resolution No. 30/2022/UBTVQH15 on environmental protection tax rates for gasoline, oil, and lubricants, effective from January 1, 2023 to December 31, 2023. and comes from the reality of developments in finished petroleum prices on the world market during the price calculation cycle, in accordance with the principles of determining selling prices in Decree No. 80/2023/ND-CP dated November 17, 2023 of the Government. Government (Decree 80) on amending and supplementing a number of articles of Decree No. 95/2021/ND-CP dated November 1, 2021 and Decree No. 83/2014/ND-CP dated September 3, 2014 of Government on petroleum business; according to the implementation guidance documents of the Ministry of Industry, Trade and Finance.
Decide to gasoline price Oil number 1010/PLX-QD-TGD dated December 28, 2023 was sent to all Petrolimex member units and reported to the Government Office, Ministry of Industry and Trade, and Ministry of Finance.
Petrolimex member units, when issuing gasoline retail price decisions on their distribution system, must send the issued price decisions to the Department of Industry and Trade of the province/city and the Group for reporting.





