World oil price today
World oil prices suddenly increased sharply. At the end of yesterday's trading session (October 22), WTI and Brent oil prices increased by 4.23% and 3.98%, respectively.
By this morning's session, world oil prices continued to increase strongly, at 12:39, WTI crude oil prices were at 60.59 USD/barrel, up 2.09 USD/barrel, equivalent to an increase of 3.57%. WTI oil closed the previous trading session at 58.50 USD/barrel and opened today's session at 59.97 USD/barrel.
Brent oil was at 64.84 USD/barrel, up 2.25 USD/barrel, equivalent to an increase of 3.59%. Brent oil closed the previous trading session at 62.59 USD/barrel and opened today's session at 63.49 USD/barrel.
Thus, world oil prices are on a strong recovery after a series of consecutive sharp declines.
According to analysts, US crude oil and distillate reserves are still relatively low, thereby helping to reduce pressure on oil prices. Based factors in the market still show that supply is not as redundant as initially concerned.
Notably, investors have reacted to tensions between the US and Russia, raising concerns about the risk of global supply disruption.
Domestic gasoline prices today
On October 23, retail gasoline prices according to the price list announced by Petrolimex in regions 1 and 2 are as follows:
The above domestic retail price of gasoline and oil was adjusted by the Ministry of Industry and Trade - Ministry of Finance from 3:00 p.m. on October 16.
Accordingly, gasoline and oil prices will increase or decrease depending on each item. Specifically, E5RON92 gasoline price increased by 88 VND/liter, RON95-III gasoline increased by 174 VND/liter, diesel decreased by 181 VND/liter, kerosene decreased by 28 VND/liter, mazut decreased by 437 VND/kg.
Today's gasoline discounts
The discount levels of gasoline products today, October 23, at some domestic gasoline trading enterprises are as follows:
Hoang Trong General Trading Company Limited: Hai Linh warehouse, Hai Phong: Diesel 0.05S - II: 1,450 VND/liter; RON 95 - III gasoline: 1,250 VND/liter; Bac Ninh warehouse: Diesel 0.05S - II: 1,300 VND/liter; RON 95 - III gasoline: 1,100 VND/liter; Nghi Son warehouse: Diesel 0.05S - II: 1,500 VND/liter, RON 95 - III gasoline: 1,300 VND/liter.
Tu Luc Petroleum: Diesel discount 0.05S-II: 1,600 VND/liter; Diesel 0.001S-V: 1,100 VND/liter; RON 95 - III gasoline: 1,300 VND/liter; E5 gasoline: 1,300 VND/liter.
MIPEC Petroleum: RON 95 - III Petroleum Discount: VND 1,200/liter; Diesel 0.05S-II: VND 1,100/liter; Diesel 0.05S: VND 1,600/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 next price adjustment period, retail prices of gasoline may decrease.
Of which, the price of RON 95 - III gasoline is forecast to decrease by about 170 VND/liter; E5 RON 92 - II gasoline decreases by about 170 VND/liter; Diesel oil decreases by about 530 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.
