Update on gasoline and oil prices on April 20: World oil prices reverse direction

At 7:00 PM on April 20, WTI oil price was at 87.08 USD/barrel, up 4.49 USD/barrel, equivalent to an increase of 5.44%. Brent oil was at 94.76 USD/barrel, up 4.38 USD/barrel, equivalent to an increase of 4.85%.

Oil prices rose about 5% in today's trading session due to concerns that the ceasefire agreement between the United States and Iran could collapse after the US seized an Iranian cargo ship and transportation through the Strait of Hormuz remained largely disrupted.

Previously, oil prices fell sharply by 9% on Friday after Iran announced that travel for all commercial ships through the Strait of Hormuz was open until the ceasefire agreement takes effect.

The world gasoline and oil market in this operating period is influenced by key factors such as: the US deploying measures to blockade the Strait of Hormuz; expectations for further negotiations between the US and Iran to end the conflict; military conflict between Russia and Ukraine still taking place... The above factors have caused world finished gasoline and oil prices in recent days to increase and decrease depending on each item.

Selling prices of popular consumer gasoline and oil items on the market on April 20, 2026 are as follows:

- E5RON92 gasoline: not higher than 22,592 VND/liter (an increase of 248 VND/liter compared to the current maximum selling price), lower than RON95-III gasoline by 1,669 VND/liter;

- RON95-III gasoline: not higher than 23,761 VND/liter (an increase of 218 VND/liter compared to the current maximum selling price);

- Diesel oil 0.05S: not higher than 31,041 VND/liter (down 1,928 VND/liter compared to the current maximum selling price);

- 180CST 3.5S mazut oil: not higher than 20,332 VND/kg (down 2,281 VND/kg compared to the current maximum selling price).

According to a gasoline and oil business, it is predicted that domestic gasoline and oil prices may simultaneously decrease in the next operating session.