World oil prices today
World oil prices fell across the board today. At 10:54, WTI crude oil was at $77.12/barrel, down $0.18/barrel, or 0.23%. WTI crude oil closed the previous trading session at $77.30/barrel and opened today's session at $77.22/barrel.
Brent crude oil was at $80.70 a barrel, down $0.28, or 0.32%. Brent crude oil closed the previous trading session at $81.01 a barrel and opened today's session at $80.79 a barrel.
Thus, the world oil price continued to increase sharply in yesterday's trading session (January 13). At the end of the session, both Brent and WTI oil reached an increase of 1.6% and 2.9%, respectively. However, in this morning's session, both oil products decreased simultaneously.
Chinese and Indian refiners are looking for alternative fuel supplies amid concerns about supply disruptions, Reuters reported, with at least 65 tankers anchored off the coasts of China and Russia since the new US sanctions were announced.
Analysts say the market is concerned about supply disruptions, but it is difficult to predict what will happen next when President-elect Donald Trump takes office on January 20.
However, the US dollar rose to a 26-month high against a basket of currencies, putting pressure on oil prices.
Domestic gasoline prices today
On January 14, 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 price of gasoline and oil was adjusted by the Ministry of Finance - Industry and Trade in the price management session on the afternoon of January 9, 2025. Accordingly, the prices of gasoline and oil products increased simultaneously.
Diesel oil price increased the most, 488 VND/liter, followed by kerosene, 410 VND/liter. E5 RON 92 gasoline price increased 374 VND/liter, RON 95-III gasoline increased 273 VND/liter. Fuel oil increased the least, 83 VND/kg.
Gasoline discount today
Discount prices of petroleum products today, January 14, at some domestic petroleum businesses are as follows:
Hoang Trong General Trading Company Limited: Diesel 0.05S - II: 650 VND/liter, applied at Hai Linh warehouse, Hai Phong; RON 95 - III gasoline: 750 VND/liter, applied at Hai Linh warehouse, Hai Phong; Diesel 0.05S - II: 500 VND/liter, applied at Bac Ninh warehouse; RON 95 - III gasoline: 600 VND/liter, applied at Bac Ninh warehouse; E5 gasoline: 650 VND/liter at Dinh Vu warehouse, Petec.
Tu Luc Petroleum: Discount on Diesel 0.05S-II: 700 VND/liter; Diesel 0.001S-V: Out of stock; RON 95 - III gasoline: 700 VND/liter; E5 gasoline: 600 VND/liter.
MIPEC Gasoline: Discount on RON 95 - III gasoline: 700 VND/liter; E5 gasoline: 600 VND/liter; Diesel 0.05S-II: 700 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 will likely continue to increase. In particular, diesel prices will increase sharply.
Accordingly, the price of RON 95-III gasoline is forecast to increase by VND280/liter; E5 gasoline by VND400/liter; and Diesel oil by VND700/liter.
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.
