World oil price today
World oil prices are on a deep decline. At the end of yesterday's trading session (November 25), WTI oil and Brent oil decreased by 1.7% and 1.6%, respectively.
As of this morning's session, both oil products continued to decrease, at 08:42 (Vietnam time), WTI crude oil prices were at 58.06 USD/barrel, down 0.05 USD/barrel, equivalent to a decrease of 0.09%. WTI oil closed the previous trading session at 58.11 USD/barrel and opened today's session at 58.06 USD/barrel.
Brent oil was at 61.92 USD/barrel, down 0.05 USD/barrel, equivalent to a decrease of 0.08%. Brent oil closed the previous trading session at 61.97 USD/barrel and opened today's session at 61.97 USD/barrel.
Thus, world oil prices remained low. According to analysts, oil prices fell sharply after Ukraine signaled a positive outlook for an end to the war with Russia.
If the war in Ukraine ends, the West could lift sanctions on Russia's energy exports, which could pave the way for increased supply as the commodity market is under pressure from excess forecasts next year.
Domestic gasoline prices today
On November 26, 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 November 20.
Accordingly, gasoline prices all turned down; kerosene prices alone increased. E5RON92 gasoline price decreased by 37 VND/liter, RON95-III gasoline decreased by 34 VND/liter, diesel decreased by 38 VND/liter, kerosene increased by 353 VND/liter and mazut decreased by 335 VND/kg.
Today's gasoline discounts
The discount levels of gasoline products today, November 26, at some domestic gasoline trading enterprises are as follows:
- Hoang Trong General Trading Company Limited:
+ Petec warehouse, Dinh Vu: Diesel 0.05S - II: 2,000 VND/liter; RON 95 - III gasoline: 1,600 VND/liter.
+ Hai Linh warehouse, Hai Phong: Diesel 0.05S - II: 2,000 VND/liter; RON 95 - III gasoline: 1,650 VND/liter.
+ Bac Ninh warehouse: Diesel 0.05S - II: 1,850 VND/liter; RON 95 - III gasoline: 1,500 VND/liter.
+ Nghi Son warehouse: Diesel 0.05S - II: 2,000 VND/liter; RON 95 - III gasoline: 1,750 VND/liter.
- Tu Luc Petroleum Joint Stock Company 1:
+ Hai Linh warehouse: Diesel 0.05S - II: 1,900 VND/liter;
+ Dinh Vu warehouse: Diesel 0.05S - II: 1,850 VND/liter; Diesel 0.001S-V: 1,750 VND/liter;
+ RON 95 - III gasoline: 1,750 VND/liter;
+ E5 gasoline: 1,750 VND/liter.
- MIPEC Petro Petroleum Trading Company Limited (applicable to the Northern region):
+ RON 95 - III gasoline: 1,700 VND/liter.
+ Diesel 0.05S-II: 1,500 VND/liter.
+ Diesel 0.05S: 1,700 VND/liter.
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 sharply.
In particular, the price of RON 95 - III gasoline is forecast to decrease by about 600 VND/liter; E5 RON 92 - II gasoline decreases by about 580 VND/liter; Diesel oil decreases by about 970 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.
