World oil prices today
World gasoline and oil prices fluctuated sharply. At the end of yesterday's trading session (August 10), WTI and Brent oil prices increased by 5.05% and 4.99% respectively.
By this morning's session, both oil commodities turned down. At 8:00 AM (Vietnam time), WTI oil price was at 82.05 USD/barrel, down 0.08 USD/barrel, equivalent to a decrease of 0.10%. WTI oil price closed the previous trading session at 82.13 USD/barrel, and opened today's session at 82.17 USD/barrel.
Brent oil was at 87.67 USD/barrel, down 0.19 USD/barrel, equivalent to a decrease of 0.22%. Brent oil closed the previous trading session at 87.86 USD/barrel, and opened today's session at 87.87 USD/barrel.
World gasoline and oil prices fluctuated sharply in the context of Iran and the US making compensation claims to each other, reducing the prospect of reaching an agreement to reopen the Strait of Hormuz.
Iran demands that the US lift sanctions against Tehran, compensate and end military threats before this strategic sea route is reopened. Meanwhile, US President Donald Trump demands that Iran compensate for "all those they have killed and seriously injured".
Along with that, Iran said it is moving closer to a final agreement with Oman to identify new shipping routes through the Strait of Hormuz. However, the conditions Tehran set for Washington continue to make the prospect of reopening this important shipping route unpredictable.
On August 10, according to TASS news agency, US Permanent Representative to the United Nations Mike Waltz said that the issue of frozen assets is of particular interest to Iranian negotiators in exchanges with the US.
Speaking to reporters, Mr. Waltz said that Iranian representatives have repeatedly mentioned the need to access cash and the country's assets are currently frozen by the US.
Iranians are now more afraid of Finance Minister Bessent than War Minister Hegseth," Waltz said, adding that Iran has repeatedly demanded access to cash and assets that are being frozen by the US.
Domestic gasoline prices today
On August 11, retail gasoline and oil prices according to the price list announced by Petrolimex in region 1 and region 2 are as follows:
The above domestic retail gasoline and oil prices are adjusted by Petrolimex according to the inter-ministry of Industry and Trade - Finance's management period from 3:00 PM on August 6.
Gasoline and oil discount today
- Tu Luc Petroleum Joint Stock Company 1:
+ Diesel oil 0.05S - II: 1, 300 VND/liter;
+ E10 RON 95-III gasoline: 1, 100 VND/liter
- MIPEC Petroleum Trading and Trading Co., Ltd. - MIPEC Petro (applied to the Northern region):
+ E10 gasoline: 1,000 VND/liter.
+ Diesel oil 0.05S-II: 1,500 VND/liter.
Domestic gasoline and oil price forecast for the next period
According to a representative of a gasoline and oil business, it is predicted that in the next price adjustment period, retail gasoline and oil prices may decrease.
In which:
- E10 gasoline reduced by about 800 VND/liter
- E5 RON 92 - II gasoline reduced by about 900 VND/liter;
- Diesel oil decreased by about 1,100 VND/liter.
Today's gasoline and oil prices are for reference only and may change according to market developments.
Refer to more articles about gasoline and oil prices HERE.
