World oil price today
World oil prices today fell sharply. At the end of the weekend trading session, WTI crude oil was at 70.22 USD/barrel, down 2.26 USD/barrel, equivalent to a decrease of 3.12%. WTI crude oil closed the previous trading session at 72.48 USD/barrel, opening today's session at 72.56 USD/barrel.
Brent oil was at 74.43 USD/barrel, down 2.05 USD/barrel, equivalent to a decrease of 2.68%. Brent oil closed the previous trading session at 76.48 USD/barrel and opened today's session at 76.66 USD/barrel.
Thus, world oil prices in the trading session at the end of the week plummeted. According to analysts, oil prices suddenly reversed and fell more than 2 USD as investors faced a gradual reduction in risk insurance fees in the Middle East, along with uncertainty about the possibility of reaching a peace agreement in Ukraine.
The disruption of oil supply has contributed to limiting price declines. Russia said oil flows through the Caspian pipeline Alliance (CPC) - an important route for crude oil exports from Kazakhstan to the global market - have decreased by 30% to 40% since February 18, after a pumping station in Russia was attacked by drones.
With crude oil prices remaining below $80/barrel, analysts expect OPEC+ to once again delay the decision to cut production.
Domestic gasoline prices today
On February 22, 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 20, 2025. Accordingly, E5 RON 92 gasoline price increased by 257 VND/liter; RON 95-III gasoline increased by 257 VND/liter; kerosene increased by 40 VND/liter, diesel decreased by 10 VND/liter; mazut decreased by 183 VND/kg.
Today's gasoline discounts
The discount prices of gasoline products today, February 22, 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: 1,300 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: 1,150 VND/liter, applied at Bac Ninh warehouse; E5 gasoline: 1,200 VND/liter at Dinh Vu warehouse, Petec.
Tu Luc Petroleum: Diesel discount 0.05S-II: 1,350 VND/liter; RON 95 - III gasoline: 1,350; E5 gasoline: 1,200 VND/liter.
MIPEC Petroleum: RON 95 - III Petroleum Discount: 1,100 VND/liter; E5 Petroleum: 1,000 VND/liter; Diesel 0.05S-II: 1,300 VND/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 interim price management period, gasoline prices may continue to increase.
In particular, gasoline prices are forecast to increase by about 150-200 VND/liter; oil prices may increase by about 200 VND/liter.
Today's gasoline and oil prices are for reference only and may change according to market developments.
Refer to more articles on gasoline prices HERE.
