World oil price today
World oil prices suddenly dropped sharply at the end of the trading session. At the end of the weekend session, WTI crude oil prices were at 69.90 USD/barrel, down 2.61 USD/barrel, equivalent to a decrease of 4.24%. WTI oil closed the previous trading session at 61.51 USD/barrel and opened the last session of the week at 61.49 USD/barrel.
Brent oil was at 62.73 USD/barrel, down 2.49 USD/barrel, equivalent to a decrease of 3.82%. Brent oil closed the previous trading session at 75.22 USD/barrel and opened the weekend session at 65.27 USD/barrel.
Domestic gasoline prices today
On October 11, retail gasoline prices according to the price list announced by Petrolimex in regions 1 and 2 are as follows:
The above domestic retail price of gasoline and oil was adjusted by the Ministry of Industry and Trade - Ministry of Finance from 3:00 p.m. on October 9.
Accordingly, gasoline prices have decreased simultaneously. E5RON92 gasoline price decreased by 486 VND/liter, RON95-III gasoline decreased by 480 VND/liter, diesel decreased by 434 VND/liter, kerosene decreased by 571 VND/liter and mazut decreased by 562 VND/kg.
This management period, the Ministry of Industry and Trade - Ministry of Finance did not set aside or use the Petroleum Price Stabilization Fund for E5RON92 gasoline, RON95 gasoline, diesel, kerosene, and fuel oil.
Today's gasoline discounts
The discount levels of gasoline products today, October 11, at some domestic gasoline trading enterprises are as follows:
Hoang Trong General Trading Company Limited: Hai Linh warehouse, Hai Phong: Diesel 0.05S - II: 1,300 VND/liter; RON 95 - III gasoline: 1,100 VND/liter; Bac Ninh warehouse: Diesel 0.05S - II: 1,150 VND/liter; RON 95 - III gasoline: 950 VND/liter; Nghi Son warehouse: Diesel 0.05S - II: 1,350 VND/liter, RON 95 - III gasoline: 1,150 VND/liter.
Tu Luc Petroleum: Diesel discount 0.05S-II: 1,350 VND/liter; Diesel 0.001S-V: 1,350 VND/liter; RON 95 - III gasoline: 1,100 VND/liter; E5 gasoline: 1,100 VND/liter.
MIPEC Petroleum: RON 95 - III Petroleum Discount: VND 1,000/liter; Diesel 0.05S-II: VND 900/liter; Diesel 0.05S: VND 1,300/liter. Applicable to the Northern region.
Forecast of domestic gasoline prices in the coming 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 management period, retail prices of gasoline may adjust in opposite directions in the direction of increasing gasoline prices and decreasing oil prices.
Today's gasoline and oil prices are for reference only and may change according to market developments.
Refer to more articles on gasoline prices HERE.
