World oil price today
World oil prices today turned down. At 10:54 (Vietnam time), WTI crude oil was at 71.82 USD/barrel, down 0.28 USD/barrel, equivalent to a decrease of 0.39%. WTI crude oil closed the previous trading session at 72.10 USD/barrel, opening today's session at 72.11 USD/barrel.
Brent oil was at 75.78 USD/barrel, down 0.26 USD/barrel, equivalent to a decrease of 0.34%. 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 fluctuated strongly. At the end of the trading session on February 19, world crude oil prices increased simultaneously, with both Brent and WTI oil increasing by 0.3% and 0.6% respectively. By this morning's session, both of these items had turned to decrease.
According to analysts, the market is being affected by factors such as geopolitical tensions related to Russia, Iran and the policies of the Organization of the Petroleum Exporting Countries (OPEC).
In Russia, about a third of the capacity at the Kropotkinskaya oil pumping station (about 380,000 barrels/day) has not yet recovered after the drone attack. In the Middle East, negotiations between Israel and Hamas on a ceasefire agreement could impact oil prices due to the risk of supply disruption.
In addition, the tariffs imposed by the Trump administration could reduce oil prices by weakening the global economy and fuel demand. Concerns about demand from Europe and China also limited price increases.
Data from the American Petroleum Institute showed oil inventories increased by 3.339 million barrels in the week ended February 14, lower than previous weeks, reflecting strong demand from the US market. Analysts also believe that OPEC and its allies may postpone plans to increase supply in April.
Domestic gasoline prices today
On February 20, 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 20, 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: 1,050 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: 900 VND/liter, applied at Bac Ninh warehouse; E5 gasoline: 1,000 VND/liter at Dinh Vu warehouse, Petec.
Tu Luc Petroleum: Discount on Diesel 0.05S-II: 1,200 VND/liter; Diesel 0.001S-V: 1,150; RON 95 - III gasoline: 1,050 VND/liter; E5 gasoline: 1,050 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 price adjustment period this afternoon, gasoline prices may adjust in opposite directions in the direction of increasing gasoline prices and decreasing oil prices.
In particular, gasoline prices are forecast to increase by about 260-270 VND/liter; oil prices may not change or decrease slightly by about 10 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.
