World oil prices today
World gasoline and oil prices continue to fluctuate strongly. At the end of the trading session at the end of the week, WTI oil prices decreased by 12%, Brent oil increased by 0.90%.
In the past week, world gasoline and oil prices simultaneously fell sharply. WTI crude oil fell sharply from 84.88 USD/barrel at the end of last week to 76.51 USD/barrel at the end of this week. For the whole week, WTI oil prices fell 8.37 USD/barrel, equivalent to a decrease of 9.86% compared to the previous week.
Brent oil was at 87.33 USD/barrel last weekend, down to 80.57 USD/barrel this weekend. Overall last week, Brent oil prices decreased by 6.76 USD/barrel, equivalent to a decrease of 7.74% compared to the previous week.
According to analysts, the ceasefire agreement between Israel and Hezbollah in Lebanon officially took effect from 4 pm on June 19 (local time), thereby increasing expectations that oil exports from the Gulf region will gradually be restored. Transport data shows that at least 4 ships carrying crude oil, petroleum products and liquefied petroleum gas (LPG) passed through the Strait of Hormuz on June 20 to head to Iraq's Gulf ports.
However, the risk of transport disruption is still present as Iran signals to strengthen control over maritime activities in the Strait of Hormuz. Accordingly, ships are required to coordinate their voyages with the navy of the Iranian Islamic Revolutionary Guards.
Experts believe that concerns related to the conditions imposed by Iran on traffic through the Strait of Hormuz have contributed to supporting oil prices to increase in the last trading session of the week. Previously, investors expected the implementation of the agreement to go smoothly, but new developments show that the process of restoring transportation operations may face more obstacles than expected.
Although Brent oil prices rose in the last trading session of the week, the general price level is still about 8% lower than the previous week. This reflects a more optimistic market sentiment towards the supply prospects after the peace agreement between the US and Iran to end the conflict in the region.
According to analysts, the oil market is gradually moving towards a more stable state as supply is expected to continue to improve in the near future. The congestion of ships in the region could be resolved faster than expected if Iran and the US maintain their cooperation commitments.
From a long-term supply-demand perspective, the Organization of the Petroleum Exporting Countries (OPEC) forecasts that global oil demand will continue to increase, from 105.1 million barrels/day in 2025 to 113.3 million barrels/day in 2030, according to the organization's World Oil Outlook 2026 report.
Domestic gasoline prices today
On June 20, retail gasoline and oil prices according to the price list announced by Petrolimex in region 1 and region 2 are as follows:
The above domestic retail gasoline and oil prices were adjusted by the inter-ministry of Industry and Trade - Finance from 3 pm on June 18. In which gasoline and oil prices simultaneously decreased.
Gasoline and oil discount today
- Tu Luc Petroleum Joint Stock Company 1:
+ Diesel oil 0.05S - II: 200 VND/liter;
+ Diesel oil 0.001S-V: 200 VND/liter.
+ E10 RON 95-III gasoline: 300 VND/liter
+ E5 RON 92 - II gasoline: 300 VND/liter
- MIPEC Petroleum Trading and Trading Co., Ltd. - MIPEC Petro (applied to the Northern region):
+ E10 gasoline: 400 VND/liter.
+ Diesel oil 0.05S-II: 400 VND/liter.
Today's gasoline and oil prices are for reference only and may change according to market developments.
Refer to more articles about gasoline and oil prices HERE.
