World oil price today
At the end of a trading week, WTI crude oil was at 67.04 USD/barrel last weekend, slightly increasing to 67.18 USD/barrel this weekend. Overall last week, WTI crude oil increased by 0.14 USD/barrel, fluctuating unendingly compared to last week.
Brent oil was at 70.36 USD/barrel last weekend, increasing to 70.58 USD/barrel this weekend. Overall last week, Brent oil increased by 0.22 USD/barrel, down 0.3% compared to last week.
Thus, world oil prices have ended a series of consecutive declines, recording a week of slight increases despite the insignificant increase. Analysts predict that oil prices may decrease in the short term next week, but geopolitical tensions still pose the risk of supply disruption, pushing prices up again.
The International Energy Agency warned that global oil supply this year could exceed demand by about 600,000 barrels/day, in the context of increased supply from the US and weaker global demand than expected. The agency has also lowered its demand growth forecast for the fourth quarter of 2024 and the first quarter of 2025 due to macroeconomic instability, stemming from escalating trade tensions between the US and some countries.
Analysts said that oil prices will find it difficult to recover sustainably as demand risks remain high, while supply from OPEC+ ( Organization of the Petroleum Exporting Countries and its allies) continues to increase.
Domestic gasoline prices today
On March 16, retail gasoline prices according to the price list announced by Petrolimex in regions 1 and 2 (46 provinces and cities are 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 March 13, 2025. Accordingly, gasoline prices have decreased sharply.
E5 RON 92 gasoline price decreased by 680 VND/liter, RON 95-III gasoline decreased by 753 VND/liter, kerosene decreased by 483 VND/liter, diesel decreased by 435 VND/liter, mazut decreased by 155 VND/kg.
Today's gasoline discounts
The discount levels of gasoline products today, March 15, at some domestic gasoline trading enterprises are as follows:
Hoang Trong General Trading Company Limited: Diesel 0.05S - II: 1,400 VND/liter, applied at Hai Linh warehouse, Hai Phong; RON 95 - III gasoline: 1,000 VND/liter, applied at Hai Linh warehouse, Hai Phong; Diesel 0.05S - II: 1,250 VND/liter, applied at Bac Ninh warehouse; RON 95 - III gasoline: 850 VND/liter, applied at Bac Ninh warehouse; E5 gasoline: 950 VND/liter at Dinh Vu warehouse, Petec.
Tu Luc Petroleum: Diesel discount 0.05S-II: 1,350 VND/liter; Diesel 0.001S-V: 1,100 VND/liter; RON 95 - III gasoline: 900; E5 gasoline: 900 VND/liter.
MIPEC Petroleum: RON 95 - III Petroleum Discount: 1,100 VND/liter; E5 Petroleum: 1,000 VND/liter; Diesel 0.05S-II: 1,450 VND/liter. Applicable to the Northern region.
Forecast of domestic gasoline prices in the coming 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, gasoline prices may increase.
In particular, the price of RON 95 - III gasoline is forecast to increase by about 370 VND/liter; E5 gasoline increases by about 350 VND/liter; Diesel increases by about 40 VND/liter.
Today's gasoline and oil prices are for reference only and may change according to market developments.
Refer to more articles on gasoline prices HERE.
