World oil prices today
At the end of the trading week, WTI crude oil was at 77.39 USD/barrel last week, down to 74.66 USD/barrel this weekend. Overall, WTI crude oil decreased by 2.73 USD/barrel, equivalent to a decrease of 3.5% compared to the previous week.
Brent crude oil was at $80.79/barrel last week, down to $78.50/barrel this weekend. Overall, Brent crude oil fell $2.29/barrel last week, down 2.8% from the previous week.
Thus, world oil prices have ended their four consecutive increases and have simultaneously turned sharply downward.
According to analysts, forecasts of weak demand in China - the world's leading energy consumer - continue to be an important factor weighing on oil prices.
Reuters reported that the US energy group Chevron announced that it had started production at the Tengiz oil field, with a total investment of 48 billion USD. This project is expected to increase global crude oil production by about 1%, adding pressure to OPEC's efforts to cut production in the past few years.
Last week, US President Donald Trump called on the Organization of the Petroleum Exporting Countries (OPEC) to cut oil prices to pressure Russia’s finances and push for an end to the conflict in Ukraine. Analysts say Trump’s goal could be hampered by the threat of tough US sanctions against Russia and Iran, two of the world’s largest oil producers.
Domestic gasoline prices today
On January 26, 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 January 23, 2025. Accordingly, gasoline and oil products increased and decreased in opposite directions.
E5 RON 92 gasoline price decreased by 158 VND/liter, RON 95-III gasoline decreased by 78 VND/liter, Diesel increased by 412 VND/liter, Kerosene increased by 404 VND/liter, Mazut increased by 571 VND/kg. Today's gasoline discount.
Discount prices of petroleum products today, January 26, at some domestic petroleum businesses are as follows:
Hoang Trong General Trading Company Limited: Diesel 0.05S - II: 1,700 VND/liter, applied at Hai Linh warehouse, Hai Phong; RON 95 - III gasoline: 1,300 VND/liter, applied at Hai Linh warehouse, Hai Phong, Hoang Huy, Nghi Son; Diesel 0.05S - II: 1,550 VND/liter, applied at Bac Ninh warehouse; RON 95 - III gasoline: 1,150 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: 1,650 VND/liter; Diesel 0.001S-V: 1,600; RON 95 - III gasoline: 1,250 VND/liter; E5 gasoline: 1,250 VND/liter.
MIPEC Gasoline: Discount on RON 95 - III gasoline: 1,200 VND/liter; E5 gasoline: 1,000 VND/liter; Diesel 0.05S-II: 1,650 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.
Of which, gasoline price is forecast to decrease by about 200-300 VND/liter; oil price will decrease by about 700-800 VND/liter.
Today's gasoline prices are for reference only and may change according to market conditions.
See more articles about gasoline prices HERE.
