World oil prices today
World oil prices increased simultaneously in the trading session on October 11 (Vietnam time). At 11:12, WTI crude oil was at 75.66 USD/barrel, up 2.42 USD/barrel, equivalent to an increase of 3.30%. WTI crude oil closed the previous trading session at 73.24 USD/barrel, opening today's session at 73.34 USD/barrel.
Brent crude oil was at $79.14 a barrel, up $2.56 a barrel, or 3.34 percent. Brent crude oil closed the previous session at $76.58 a barrel and opened today at $76.58 a barrel.
Thus, gasoline prices have increased for the third consecutive session with a very strong increase. According to analysts, Hurricane Milton swept through Florida, the US - the world's largest oil producing and consuming country - causing oil prices to climb. Analysts predict that the situation of oil prices being anchored high after the increase may last until next week, due to the sudden increase in gasoline consumption in the US even before Hurricane Milton made landfall in Florida.
Meanwhile, supply risks in the Middle East have not yet subsided; fuel demand in China is forecast to increase due to a number of stimulus policies, boosting new growth.
Domestic gasoline prices today
On October 11, 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 price of gasoline and oil was adjusted by the Ministry of Finance - Ministry of Industry and Trade in the price management session on the afternoon of October 10. Accordingly, gasoline and oil prices increased sharply.
The price of RON 95-III gasoline increased the most, by VND1,258/liter, followed by kerosene price, which increased by VND1,139/liter. Diesel price increased by VND1,099/liter, E5 RON 92 gasoline increased by VND996/liter, and fuel oil increased the least, by VND908/kg.
Gasoline discount today
Discount prices of petroleum products today, October 11, at some domestic petroleum dealers are as follows:
PV OIl discounts on October 11 as follows: Oil discount: 950 VND/liter; RON 95 - III gasoline: 1,050 VND/liter; E5 gasoline: 950 VND/liter. Applicable at PVOIL Dinh Vu warehouse, Petec An Hai, Cai Lan.
Tu Luc Petroleum discounts on October 11 as follows: Oil discount: 900 VND/liter; RON 95 - III gasoline: 1,000 VND/liter; E5 gasoline: 900 VND/liter.
MIPEC gasoline discount on October 11: RON 95 - III discount: 900 VND/liter; E5 gasoline: 800 VND/liter; oil: 1,000 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 will likely continue to increase.
Since the beginning of the year, since the price adjustment session on January 4, gasoline prices have increased 20 times and decreased 20 times. Oil prices have increased 18 times and decreased 22 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.
