World oil prices today
In the past week, world gasoline and oil prices simultaneously decreased sharply. At the end of the first trading session of the week, Brent oil price decreased by 2.22 USD, equivalent to 2.35%, to 90.39 USD/barrel. Meanwhile, WTI oil price decreased by 2.05 USD/barrel, equivalent to 2.35%, to 85.01 USD/barrel.
Gasoline prices turned down in the first trading session of the week, as investors sold to take profits after a recent sharp increase. Meanwhile, new US sanctions continue to increase economic pressure on Iran, amid the US-Iran conflict that has lasted for nearly 6 months.
US President Donald Trump declared an "unprecedented economic war and isolation" against Iran, and warned of economic consequences for any country or organization that supports Tehran or provides support to this country.
On the Iranian side, on August 22 (Tehran time), according to Xinhua news agency, Secretary of the Iranian Supreme National Security Council Mohsen Rezaei warned that any country participating in the US "economic war and isolation" campaign against Iran would be considered an enemy by Tehran.
Iran also condemned the US plan to announce new sanctions against the country, saying that these measures would put more pressure on the Iranian economy and affect Tehran's important trading partners.
While tensions continue to rise, oil transportation through the Strait of Hormuz - a route that once transported about 1/5 of global oil supplies - remains restricted.
Cargo transport data shows that less than 20 cargo ships passed through the Strait of Hormuz last weekend. Iran's and US blockades continue to restrict transportation through a shipping line that plays an important role in energy exports.
Domestic gasoline prices today
On August 25, 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 are adjusted by Petrolimex according to the inter-ministry of Industry and Trade - Finance's management period from 3:00 PM on August 20.
Gasoline and oil discount today
- Tu Luc Petroleum Joint Stock Company 1:
+ Diesel oil 0.05S - II: 1,350 VND/liter;
+ Diesel oil 0.001S - V: 1,500 VND/liter;
+ E10 RON 95-III gasoline: 1,050 VND/liter
+ E15 RON 92-II gasoline: 1,050 VND/liter
- MIPEC Petroleum Trading and Trading Co., Ltd. - MIPEC Petro (applied to the Northern region):
+ E10 gasoline: 800 VND/liter.
+ Diesel oil 0.05S-II: 1,200 VND/liter.
Domestic gasoline and oil price forecast for the next period
According to a representative of a gasoline and oil business, it is predicted that in the next price adjustment period, retail gasoline and oil prices may increase.
In which:
- E10 gasoline increases by about 0-50 VND/liter
- E5 RON 92 - II gasoline increases by about 0-50 VND/liter;
- Diesel oil increased by about 100 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.
