Gasoline prices today January 10: Strong increase across the board

World oil prices today

World oil prices today increased sharply across the board. At 10:14, WTI crude oil was at 74.11 USD/barrel, up 0.19 USD/barrel, or 0.26%. WTI crude oil closed the previous trading session at 73.92 USD/barrel and opened today's session at 74.22 USD/barrel.

Brent crude oil was at $77.12 a barrel, up $0.20 a barrel, or 0.27 percent. Brent crude oil closed the previous session at $77.24 a barrel and opened today at $77.20 a barrel.

Thus, world oil prices fluctuated strongly. In yesterday's trading session (January 9), oil prices fell sharply at the beginning of the session and then increased sharply at the end of the session with Brent and WTI oil prices increasing by 1% and 0.82% respectively. The increase continued in this morning's session.

Oil prices rose sharply as demand for winter fuels increased in the United States, analysts said. Winter storm warnings were issued for parts of eastern Texas to western Virginia, according to the National Weather Service. Cold weather in the United States and Europe boosted demand for heating oil.

On the other hand, severe winter conditions could lead to disruptions in oil supplies as freezing temperatures could cause temporary freezes and production cuts.

Pressure on oil prices was a continued strengthening of the US dollar, which makes oil more expensive for holders of other currencies. Higher inflation in Germany also raised concerns that the European Central Bank may not cut interest rates across the eurozone as quickly as expected.

Domestic gasoline prices today

On January 10, retail gasoline prices according to the price list announced by Petrolimex in regions 1 and 2 (46 provinces and cities currently applying) are as follows:

The above domestic retail prices of gasoline and oil were adjusted by the Ministry of Finance - Industry and Trade in the price management session on the afternoon of January 9, 2025. Accordingly, the prices of gasoline and oil products increased simultaneously.

Diesel oil price increased the most, 488 VND/liter, followed by kerosene, 410 VND/liter. E5 RON 92 gasoline price increased 374 VND/liter, RON 95-III gasoline increased 273 VND/liter. Mazut oil increased the least, 83 VND/kg.

Gasoline discount today

Discount prices of petroleum products today, January 10, at some domestic petroleum businesses are as follows:

Hoang Trong General Trading Company Limited: Diesel 0.05S - II: 1,400 VND/liter, applied at Hai Linh warehouse, Hai Phong; RON 95 - III gasoline: 1,200 VND/liter, applied at Hai Linh warehouse, Hai Phong; Diesel 0.05S - II: 1,250 VND/liter, applied at Bac Ninh warehouse; RON 95 - III gasoline: 1,050 VND/liter, applied at Bac Ninh warehouse; E5 gasoline: 1,050 VND/liter at Dinh Vu warehouse, Petec.

Tu Luc Petroleum: Discount on Diesel 0.05S-II: 1,400 VND/liter; Diesel 0.001S-V: 1,300 VND; RON 95 - III gasoline: 1,200 VND/liter; E5 gasoline: 1,100 VND/liter.

MIPEC Gasoline: Discount on RON 95 - III gasoline: 1,050 VND/liter; E5 gasoline: 1,000 VND/liter; Diesel 0.05S-II: 1,300 VND/liter. Applicable to the Northern region.

Forecast of domestic gasoline prices next period

According to a representative of a petroleum business, domestic petroleum prices will fluctuate according to the world petroleum situation. According to current market developments, it is forecasted that in the next price adjustment period, petroleum prices may decrease.

Of which, the price of E5 RON 92 gasoline decreased by about 300 VND/liter; RON 95-III gasoline decreased by about 100 VND/liter; Diesel oil increased by less than 100 VND/liter.