World oil prices today
World oil prices fell across the board on December 10 (Vietnam time). At 10:11 a.m., WTI crude oil was at $68.06 per barrel, down $0.31 per barrel, or 0.45%. WTI crude oil closed yesterday's trading session at $68.37 per barrel and opened today's session at $68.13 per barrel.
Brent crude oil was at $71.85 a barrel, down $0.29 a barrel, or 0.40 percent. Brent crude oil closed the previous session at $72.14 a barrel and opened today at $71.90 a barrel.
Thus, after a sharp increase of 1.4% and 1.7% for Bren oil and WTI oil respectively in the first trading session of the week (December 9), world oil prices today, December 10, simultaneously turned to decrease.
There were early signs of disruption in the oil market, Reuters reported, with an Iranian tanker bound for Syria having to turn back in the Red Sea.
Meanwhile, a series of information from China shows that the world's largest crude oil importer is implementing a policy to promote consumption. "Unconventional" measures will be applied to expand domestic consumption, including increasing money supply and lowering interest rates. This is a factor supporting the increase in oil prices.
Pressuring prices was news that Saudi Arabia’s top oil exporter, Aramco, had cut its January 2025 prices to Asian buyers to their lowest since early 2021. The market feared this could signal weak demand.
Domestic gasoline prices today
On December 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 December 5. Accordingly, the price of diesel oil decreased the most, by 395 VND/liter; kerosene decreased by 325 VND/liter; RON 95-III gasoline decreased by 294 VND/liter. Notably, the price of E5 RON 92 gasoline increased by 24 VND/liter, while fuel oil remained unchanged.
Gasoline discount today
Discount prices of petroleum products today, December 10, at some domestic petroleum dealers:
PVOIL discounts on December 10 as follows: Diesel discount (0.005S-V): 1,550 VND/liter; Diesel discount (0.001S-V): 1,450; RON 95 - III gasoline: 1,350 VND/liter; E5 gasoline: 1,250 VND/liter. Applicable at PVOIL Dinh Vu warehouse, Petec An Hai, Cai Lan.
Tu Luc Petroleum discounts on December 10 as follows: Diesel discount (0.005S-V): 1,450 VND/liter; Diesel discount (0.001S-V): 1,400; RON 95 - III gasoline: 1,300 VND/liter; E5 gasoline: 1,200 VND/liter.
MIPEC gasoline discount on December 10: RON 95 - III gasoline discount: 1,100 VND/liter; E5 gasoline: 1,000 VND/liter; oil: 1,400 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 continue to decrease.
In particular, the price of RON 95 gasoline is forecasted to decrease by about 90 VND/liter, E5 gasoline by 120 VND/liter, and Diesel by 200 VND/liter.
Since the beginning of the year, since the price adjustment session on January 4, gasoline prices have increased 22 times and decreased 26 times. Oil prices have increased 21 times and decreased 27 times.
Today's gasoline prices are for reference only and may change according to market conditions without prior notice. Readers should consider carefully when using the information in this newsletter.
See more articles about gasoline prices HERE.
