World oil prices today
World oil prices increased across the board in the trading session on October 18 (Vietnam time). At 11:12 a.m., WTI crude oil was at $69.11 per barrel, up $0.42 per barrel, or 0.61%. WTI crude oil closed the previous trading session at $68.69 per barrel and opened today's session at $68.94 per barrel.
Brent crude oil was at $73.42 a barrel, up $0.36, or 0.49 percent. Brent crude oil closed the previous session at $73.06 a barrel and opened today at $73.20 a barrel.
Thus, world oil prices in the first trading session of the week recovered slightly after a week of sharp decline.
According to Reuters, economic data from China in the third quarter showed that economic growth in the country, China's oil refining activities recorded a decline for the fifth consecutive month. In the first nine months of this year, China's crude oil imports fell nearly 3% compared to the same period last year, to 10.99 million barrels/day.
In addition, the news that Israel will not attack Iran's nuclear and oil facilities has reduced concerns about supply disruptions in the Middle East. This also helps to "cool down" oil prices.
Regardless of the conflict between Iran and Israel, the market's biggest concern is still China's oil demand, analysts say.
Domestic gasoline prices today
On October 21, retail gasoline prices according to the price list announced by Petrolimex in regions 1 and 2 (46 provinces and cities currently applying) are as follows:
The above domestic retail price of gasoline and oil was adjusted by the Ministry of Finance - Ministry of Industry and Trade in the price management session on the afternoon of October 17. Accordingly, gasoline and oil prices decreased simultaneously.
The price of E5 RON 92 gasoline decreased by 116 VND/liter, RON 95-III gasoline decreased by 99 VND/liter. Oil prices decreased more with diesel down 179 VND/liter, kerosene down 163 VND/liter. Among the gasoline products, only fuel oil increased by 179 VND/kg.
Gasoline discount today
Discount prices of petroleum products today, October 21, at some domestic petroleum dealers:
PV OIl discounts on October 21 as follows: Oil discount: 1,550 VND/liter; RON 95 - III gasoline: 1,400 VND/liter; E5 gasoline: 1,350 VND/liter. Applicable at PVOIL Dinh Vu warehouse, Petec An Hai, Cai Lan.
Tu Luc Petroleum discounts on October 21 as follows: Oil discount: 1,500 VND/liter; RON 95 - III gasoline: 1,350 VND/liter; E5 gasoline: 1,300 VND/liter.
MIPEC gasoline discount on October 21: RON 95 - III discount: 1,200 VND/liter; E5 gasoline: 1,000 VND/liter; oil: 1,450 VND/liter. Applicable to the Northern region.
Forecast of domestic gasoline prices next 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, petroleum prices may be adjusted in opposite directions. In particular, gasoline is forecast to increase slightly by about 100-200 VND/liter; oil will decrease by 300 VND/liter.
Since the beginning of the year, since the price adjustment session on January 4, gasoline prices have increased 20 times and decreased 21 times. Oil prices have increased 18 times and decreased 23 times.
Today's gasoline prices are for reference only and may change according to market conditions without prior notice. Readers should consider carefully when using the information in this newsletter.
See more articles about gasoline prices HERE.