World oil prices today
World gasoline and oil prices continued to fluctuate strongly last week with 2 decreases and 3 increases. Overall for the week, WTI oil prices decreased by 9.86%, while Brent oil decreased by 7.74% compared to the previous week, returning to the milestones of 76 USD/barrel and 80 USD/barrel respectively.
Right in the first trading session of the week, oil prices plunged more than 4 USD/barrel, equivalent to nearly 5%, to the lowest level in three months after the US and Iran announced a peace agreement to end the conflict and reopen the Strait of Hormuz.
In the session on June 16, oil prices continued to fall by more than 5%, recording the second consecutive declining session. Selling pressure increased as the market received more detailed information about the agreement between the US and Iran, including restoring traffic through the Strait of Hormuz and allowing Iran to resume oil exports.
By the June 17 session, oil prices reversed to increase by nearly 1% after US President Donald Trump said that the ceasefire agreement with Iran was not final and Washington could resume military operations if Tehran does not comply with its commitments. However, the increase was limited by warnings about the risk of surplus supply in the market in the near future.
In the June 18 session, Brent oil prices continued to slightly increase after US Vice President JD Vance warned Israel not to expand military operations targeting Iranian-backed Hezbollah forces in Lebanon.
At the end of the trading week, Brent oil prices maintained a slight increase as Israel and Hezbollah reached a ceasefire agreement in Lebanon.
According to analysts, the ceasefire agreement between Israel and Hezbollah 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 of maritime activities in the Strait of Hormuz. Accordingly, ships are required to coordinate their voyages with the navy of the Iranian Islamic Revolutionary Guards.
Analysts believe that concerns related to the conditions imposed by Iran on traffic through the Strait of Hormuz have contributed to supporting oil prices to rise again in the last session of the week. Previously, the market expected the implementation of the agreement to go smoothly, but new developments show that the complete restoration of transportation through this strategic maritime route may face more challenges than expected.
Domestic gasoline prices today
On June 21, 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.
