World oil prices today
World oil prices fell sharply today. At 10:21 (Vietnam time), WTI crude oil was at 70.69 USD/barrel, down 0.68 USD/barrel, equivalent to a decrease of 0.94%. WTI crude oil closed the previous trading session at 71.37 USD/barrel, opening today's session at 71.22 USD/barrel.
Brent crude oil was at $74.46 a barrel, down $0.72 a barrel, or 0.96 percent. Brent crude oil closed the previous session at $75.18 a barrel and opened today at $75.02 a barrel.
Thus, world oil prices are on a sharp decline. At the end of yesterday's trading session (February 12), crude oil prices fell by more than 2%. Brent and WTI oil fell by 2.36% and 2.66%, respectively.
According to Reuters, oil prices fell after phone calls between US President Donald Trump, Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskiy to find a solution to end the conflict in Ukraine.
Analysts say President Donald Trump's push for peace talks has helped reduce risks to oil prices.
Meanwhile, investors are assessing the next move of the US Federal Reserve (Fed) on interest rates, following the speech of Fed Chairman Jerome Powell on February 11 and data on February 12 showing that US consumer prices in January increased higher than expected.
Analysts say the combination of higher inflation and prospects for peace in Ukraine is creating selling pressure in the market.
Domestic gasoline prices today
On February 13, 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 - Industry and Trade in the price management session on the afternoon of February 6, 2025. Accordingly, the price of E5 RON 92 gasoline increased by 51 VND/liter, the price of RON 95-III gasoline decreased by 74 VND/liter, diesel oil decreased by 192 VND/liter, kerosene decreased by 25 VND/liter, and fuel oil decreased by 148 VND/kg.
Gasoline discount today
Discount prices of petroleum products today, February 13, at some domestic petroleum businesses are as follows:
Hoang Trong General Trading Company Limited: Diesel 0.05S - II: 1,200 VND/liter, applied at Hai Linh warehouse, Hai Phong; RON 95 - III gasoline: 1,050 VND/liter, applied at Hai Linh warehouse, Hai Phong; Diesel 0.05S - II: 1,050 VND/liter, applied at Bac Ninh warehouse; RON 95 - III gasoline: 900 VND/liter, applied at Bac Ninh warehouse; E5 gasoline: 950 VND/liter at Dinh Vu warehouse, Petec.
Tu Luc Petroleum: Discount on Diesel 0.05S-II: 1,250 VND/liter; Diesel 0.001S-V: 1,150; RON 95 - III gasoline: 1,150 VND/liter; E5 gasoline: 1,100 VND/liter.
MIPEC Gasoline: Discount on RON 95 - III gasoline: 1,150 VND/liter; E5 gasoline: 1,000 VND/liter; Diesel 0.05S-II: 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. Before yesterday's and this morning's declines, world petroleum prices this week recorded many strong increases.
According to current market developments, it is forecasted that in the price adjustment period this afternoon, gasoline prices may increase slightly. Of which, gasoline prices will increase by about 150 VND/liter; oil prices will increase by about 20 VND/liter.
Today's gasoline prices are for reference only and may change according to market conditions.
See more articles about gasoline prices HERE.
