World oil prices today
World oil prices on December 21 (Vietnam time) fluctuated in different directions. At the end of the weekend trading session, WTI crude oil was at 69.46 USD/barrel, down 1.12 USD/barrel, equivalent to a decrease of 1.59%. WTI crude oil closed the previous trading session at 70.58 USD/barrel, opening today's session at 69.56 USD/barrel.
Brent crude oil was at $72.98 a barrel, up $0.10 a barrel, or 0.14 percent. Brent crude oil closed the previous session at $72.88 a barrel and opened today at $72.99 a barrel.
Thus, world oil prices are on a sharp decline with consecutive sessions of decline.
The dollar slipped from a two-year high after data showed U.S. inflation had cooled, two days after the Federal Reserve cut interest rates but downgraded its outlook for further cuts next year, Reuters reported.
A weaker dollar makes oil cheaper for holders of other currencies, while interest rate cuts could boost oil demand.
In China, crude oil imports are forecast to peak as early as 2025 and oil consumption to peak in 2027 due to weaker demand for diesel and gasoline.
Domestic gasoline prices today
On December 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 prices of gasoline and oil were adjusted by the Ministry of Finance - Industry and Trade in the price management session on the afternoon of December 19. Accordingly, all gasoline and oil products increased simultaneously. The price of E5 RON 92 gasoline increased by 383 VND/liter, RON 95-III gasoline increased by 408 VND/liter, diesel increased by 478 VND/liter, kerosene increased by 402 VND/liter, and fuel oil increased by 329 VND/kg.
Gasoline discount today
Discount prices of petroleum products today, December 21, at some domestic petroleum businesses are as follows:
Hoang Trong General Trading Company Limited: Diesel 0.05S-II at Hai Linh warehouse, Hai Phong: 1,400 VND/liter; Diesel 0.05S-II at Bac Ninh warehouse: 1,250 VND/liter; RON 95 - III gasoline at Hai Linh warehouse, Hai Phong: 1,300 VND/liter; RON 95 - III gasoline at Bac Ninh warehouse: 1,150 VND/liter; E5 gasoline: 1,200 VND/liter at Dinh Vu warehouse, Petec.
Tu Luc Petroleum: Discount on Diesel 0.05S-II: 1,450 VND/liter; Diesel 0.001S-V: 1,350; RON 95 - III gasoline: 1,350 VND/liter; E5 gasoline: 1,300 VND/liter.
MIPEC Gasoline: Discount on RON 95 - III gasoline: 1,050 VND/liter; E5 gasoline: 950 VND/liter; Diesel 0.05S-II: 1,200 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 price adjustment period this afternoon, petroleum prices may decrease.
In particular, the price of RON 95-III gasoline is forecasted to decrease by about 400 VND/liter; E5 gasoline by about 370 VND/liter; and Diesel oil by about 40 VND/liter.
Since the beginning of the year, since the price adjustment session on January 4, gasoline prices have increased 24 times and decreased 26 times. Oil prices have increased 22 times and decreased 28 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.
