Global Oil Prices Today
Oil Price in the world recorded a significant increase this week. WTI crude oil stood at $74.14 per barrel last week, increasing to $76.19 per barrel this week. In total, WTI crude oil increased by $2.05 per barrel, equivalent to a 2.7% increase compared to last week.
Brent crude oil stood at $77.57 per barrel last week, increasing to $79.47 per barrel this week. In total, Brent crude oil increased by $1.9 per barrel, equivalent to a 2.5% increase compared to last week.
According to analysts, the geopolitical tensions and concerns about recession have eased, pushing up oil prices. In addition, the factor driving up oil prices due to China's high inflation rate.
Domestic Oil Prices Today
On August 11, Oil Price for retail sale according to the price list announced by Petrolimex in region 1 and region 2 (46 provinces and cities applying the price list) is as follows:
The above-mentioned domestic oil prices have been adjusted by the joint Ministry of Finance - Ministry of Industry and Trade at the price adjustment session on August 8. Accordingly, RON 95-III gasoline decreased the most, by 930 dong/liter, followed by E5 RON 92 gasoline, which decreased by 901 dong/liter. Diesel oil decreased by 858 dong/kg, diesel oil decreased by 737 dong/liter, and gasoline decreased by 684 dong/liter. This is the fifth consecutive decrease in domestic oil prices.
Discounts on Oil Today
The discount prices of oil products today, August 11, at some domestic oil retailers are as follows:
Pvoil applies a discount of 1,350 dong/liter for diesel oil, 1,100 dong/liter for RON 95-III gasoline, and 850 dong/liter for E5 gasoline. This discount is applied at Pvoil's Đình Vũ warehouse, Petec An Hải warehouse, and Cái Lân warehouse.
Tự Lực Oil applies a discount of 1,300 dong/liter for diesel oil, 1,050 dong/liter for RON 95-III gasoline, and 800 dong/liter for E5 gasoline.
MIPEC Oil applies a discount of 1,000 dong/liter for RON 95-III gasoline, 800 dong/liter for E5 gasoline, and 1,300 dong/liter for diesel oil.
Forecast of Domestic Oil Prices for the Next Period
According to a representative of a business operating in the oil industry, Oil Price in the country will fluctuate according to the global oil market. Forecasting that in the next price adjustment session, oil prices may increase.
From the beginning of the year to now, from the price adjustment session on January 4, gasoline prices have increased 16 times and decreased 15 times. Diesel oil has increased 15 times and decreased 16 times.
