World oil prices today
World oil prices on December 25 (Vietnam time) fluctuated in different directions. At 10:32, WTI crude oil was at 70.10 USD/barrel, down 0.06 USD/barrel, equivalent to a decrease of 0.09%. WTI crude oil closed the previous trading session at 70.16 USD/barrel, opening today's session at 70.10 USD/barrel.
Brent crude oil was at 73.22 USD/barrel, up 0.90 USD/barrel, or 1.24 percent. Brent crude oil closed the previous session at 73.22 USD/barrel and opened today at 72.68 USD/barrel.
Thus, world oil prices continued to fluctuate strongly with a sharp increase in yesterday's trading session (December 24). At the end of the session, Brent oil prices increased by 1.31% and WTI crude oil prices increased by 1.24%.
Supporting oil prices, analysts said, was data from the American Petroleum Institute showing that US crude oil inventories fell by 3.2 million barrels last week, while gasoline inventories rose by 3.9 million barrels.
In addition, China’s plan to issue 3 trillion yuan ($411 billion) of special treasury bonds next year, as the country ramps up fiscal stimulus to revive its weakening economy, is likely to provide short-term support for WTI crude oil prices at $67 a barrel.
Analysts expect benchmark prices to hover around current levels in the near term, with investors staying on the sidelines until there is a clearer picture of the global oil balance in 2024 and 2025.
Domestic gasoline prices today
On December 25, 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 25, at some domestic petroleum businesses are as follows:
Hoang Trong General Trading Company Limited: Diesel 0.05S - II: 1,400 VND/liter, applied at Hai Linh warehouse, Hai Phong; RON 95 - III gasoline: 1,450 VND/liter, applied at Hai Linh warehouse, Hai Phong, Hoang Huy, Nghi Son; RON 95 - III gasoline: 1,300 VND/liter, applied at Bac Ninh warehouse; E5 gasoline: 1,300 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: 1,250 VND/liter; E5 gasoline: 1,050 VND/liter; Diesel 0.05S-II: 1,350 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 decrease.
In particular, the price of RON 95-III gasoline is forecasted to decrease by about 450 VND/liter; E5 gasoline by about 420 VND/liter; and Diesel by about 100 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.
