World oil prices today
World oil prices fell across the board on November 12 (Vietnam time). At 11:06 a.m., WTI crude oil was at 67.92 USD/ barrel, down 0.12 USD/ barrel, or 0.18%. WTI crude oil closed the previous session at 68.04 USD/ barrel and opened today's session at 68.06 USD/ barrel.
Brent crude oil was at 71.73 USD/ barrel, down 0.10 USD/ barrel, or 0.14 percent. Brent crude oil closed the previous session at 71.83 USD/ barrel and opened today at 71.90 a barrel.
Thus, at the end of the first trading session of the week, world oil prices fell sharply by more than 2%, and the downward trend continued in this morning's trading session. According to analysts, Donald Trump's victory in the US presidential election could continue to affect the market.
The dollar index has edged up from its highs just after last week’s U.S. presidential election as markets await more clarity on future U.S. policy. A stronger dollar makes dollar-denominated commodities like oil more expensive for holders of other currencies, which tends to weigh on prices.
Meanwhile, China’s latest economic stimulus plan disappointed investors looking for demand growth in the world’s second-largest oil consumer, amid a supply glut that looks set to rise by 2025.
Domestic gasoline prices today
On November 12, 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 and the Ministry of Industry and Trade in the price management session on the afternoon of November 7. Accordingly, most gasoline and oil products increased, except for fuel oil which decreased.
The price of E5 RON 92 gasoline increased by 336 VND/liter, RON 95-III gasoline increased by 351 VND/liter. Oil prices increased more sharply with diesel increasing by 769 VND/liter, kerosene increasing by 461 VND/liter. Only fuel oil recorded a decrease of 67 VND/kg.
Gasoline discount today
Discount prices of petroleum products today, November 12, at some domestic petroleum dealers:
PVOIL discounts on November 12 as follows: Oil discount: 1,600 VND/liter; RON 95 - III gasoline: 1,300 VND/liter; E5 gasoline: 1,300 VND/liter. Applicable at PVOIL Dinh Vu warehouse, Petec An Hai, Cai Lan.
Tu Luc Petroleum discounts on November 12 as follows: Oil discount: 1,550 VND/liter; RON 95 - III gasoline: 1,250 VND/liter; E5 gasoline: 1,250 VND/liter.
MIPEC gasoline discount on November 12: RON 95 - III discount: 1,150 VND/liter; E5 gasoline: 1,000 VND/liter; oil: 1,300 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 decrease. The decrease is about 100-200 VND/liter.
Since the beginning of the year, since the price adjustment session on January 4, gasoline prices have increased 21 times and decreased 23 times. Oil prices have increased 20 times and decreased 24 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.
