World oil price today
World oil prices today decreased slightly at the beginning of the session, then reversed to increase. At 10:52, WTI crude oil was at 67.51 USD/barrel, up 0.14 USD/barrel, equivalent to an increase of 0.21%. WTI crude oil closed the previous trading session at 67.37 USD/barrel, opening today's session at 67.24 USD/barrel.
Brent oil was at 71.24 USD/barrel, up 0.18 USD/barrel, equivalent to an increase of 0.25%. Brent oil closed the previous trading session at 71.07 USD/barrel and opened today's session at 70.97 USD/barrel.
Today's gasoline prices continue to increase, although there were times when the first session recorded a slight decrease, they quickly recovered and rebounded. In the previous session (17.), Brent and WTI oil prices increased by 0.7% and 0.6%, respectively.
According to analysts, oil prices are driven by a combination of many geopolitical and economic factors.
In particular, US President Donald Trump said he would hold Iran accountable for any attack by Houthi forces in Yemen that has increased tensions in the Middle East. This is a geopolitical hot spot that has a great impact on global oil supply, causing many concerns about the risk of supply disruption, thereby pushing oil prices up.
In China, recovering consumer demand is an optimistic signal for crude oil imports, especially as travel demand during the holiday season increases.
In addition, the weakening of the USD also contributed to supporting oil prices. The greenback depreciated as investors worried about the negative impact of the protectionist trade policies that the US President is pursuing.
Domestic gasoline prices today
On March 18, 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 18, at some domestic gasoline trading enterprises are as follows:
Hoang Trong General Trading Company Limited: Diesel 0.05S - II: 1,300 VND/liter, applied at Hai Linh warehouse, Hai Phong; RON 95 - III gasoline: 900 VND/liter, applied at Hai Linh warehouse, Hai Phong; Diesel 0.05S - II: 1,150 VND/liter, applied at Bac Ninh warehouse; RON 95 - III gasoline: 750 VND/liter, applied at Bac Ninh warehouse; E5 gasoline: 650 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: VND 800/liter; E5 Petroleum: VND 700/liter; Diesel 0.05S-II: VND 1,300/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 400-500 VND/liter; E5 gasoline increases by about 400-450 VND/liter; Diesel increases by about 10 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.
