World oil price today
World oil prices today increased simultaneously At 11:24 (Vietnam time), WTI crude oil was at 71.87 USD/barrel, up 0.04 USD/barrel, equivalent to an increase of 0.05%. WTI crude oil closed the previous trading session at 71.83 USD/barrel, opening today's session at 71.77 USD/barrel.
Brent oil was at 75.88 USD/barrel, up 0.04 USD/barrel, equivalent to an increase of 0.05%. Brent oil closed the previous trading session at 75.84 USD/barrel and opened today's session at 75.85 USD/barrel.
Thus, world oil prices continue to increase today. At the end of the trading session on February 18, world crude oil prices increased sharply, with both Brent and WTI oil increasing by 0.8% and 1.6%, respectively.
According to analysts, the increase in oil prices comes from the disruption of increased supply in Russia and the US. The oil market continues to be under pressure as the port of Novorossiysk in the Black Sea, Russia, has temporarily suspended loading and unloading operations due to the storm. This is despite the fact that oil exports from the port in February were adjusted to increase by 0.24 million tons to 2.25 million tons, equivalent to about 590,000 barrels/day.
In the US, oil supply is also affected as the North Dakota pipeline Agency estimates that output in the country's third largest oil producing state could fall by up to 150,000 barrels/day due to the impact of a sudden cold spell.
Traders are currently closely monitoring developments related to OPEC+'s output policy. Analysts expect the organization to soon make a decision on whether to maintain the plan to increase supply from April or delay it to a later date.
Domestic gasoline prices today
On February 19, 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 February 13, 2025. Accordingly, E5 RON 92 gasoline price increased by 156 VND/liter, RON 95-III gasoline increased by 146 VND/liter, diesel increased by 19 VND/liter, kerosene increased by 59 VND/liter, mazut increased by 425 VND/kg.
Today's gasoline discounts
The discount prices of gasoline products today, February 19 at some domestic gasoline trading enterprises are as follows:
Hoang Trong General Trading Company Limited: Diesel 0.05S - II: 1,250 VND/liter, applied at Hai Linh warehouse, Hai Phong; RON 95 - III gasoline: 1,150 VND/liter, applied at Hai Linh warehouse, Hai Phong; Diesel 0.05S - II: 1,100 VND/liter, applied at Bac Ninh warehouse; RON 95 - III gasoline: 1,000 VND/liter, applied at Bac Ninh warehouse; E5 gasoline: 1,100 VND/liter at Dinh Vu warehouse, Petec.
Tu Luc Petroleum: Discount on Diesel 0.05S-II: 1,250 VND/liter; Diesel 0.001S-V: 1,200; RON 95 - III gasoline: 1,150 VND/liter; E5 gasoline: 1,150 VND/liter.
MIPEC Petroleum: RON 95 - III Petroleum Discount: VND 1,150/liter; E5 Petroleum: VND 1,000/liter; Diesel 0.05S-II: VND 1,350/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 management period, gasoline prices may adjust in opposite directions in the direction of increasing gasoline prices and decreasing oil prices.
Of which, gasoline price is forecast to increase by about 200-250 VND/liter; oil price decreased slightly by about 30-50 VND/liter.
Today's gasoline and oil prices are for reference only and may change according to market reality.
Refer to more articles on gasoline prices HERE.
