World oil prices today
World oil prices increased across the board in today's trading session, September 26 (Vietnam time). At 9:53 a.m., WTI crude oil was at $69.77/barrel, up $0.08/barrel, or 0.11%. WTI crude oil closed the previous trading session at $69.69/barrel and opened today's session at $69.75/barrel.
Brent crude oil was at $73.06 a barrel, up $0.16 a barrel, or 0.22 percent. Brent crude oil closed the previous session at $72.90 a barrel and opened today at $73.08 a barrel.
Thus, oil prices had a sharp drop yesterday (September 25), with a decrease of more than 2%. After a sharp drop, gasoline prices this morning increased slightly again.
Oil prices fell sharply as concerns about supply disruptions in Libya eased and demand remained weak despite China’s latest stimulus plans, analysts said. However, a drop in US crude inventories and escalating tensions in the Middle East provided some support to the market.
Domestic gasoline prices today
On September 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 - Ministry of Industry and Trade in the price management session on the afternoon of September 19. Accordingly, gasoline and oil prices fluctuated in the opposite direction with gasoline prices increasing and oil prices decreasing. E5 RON 92 gasoline increased by 51 VND/liter, RON 95-III gasoline increased by 127 VND/liter, diesel decreased by 122 VND/liter, and kerosene decreased by 239 VND/liter. In contrast to diesel and kerosene, fuel oil increased by 359 VND/kg. This is the first increase in gasoline prices in the past 5 weeks.
Gasoline discount today
Discount prices of petroleum products today, September 26, at some domestic petroleum dealers are as follows:
PV OIl discounts on September 26 as follows: Oil discount: 1,050 VND/liter; RON 95 - III gasoline: 750 VND/liter; E5 gasoline: 550 VND/liter.
Tu Luc Petroleum discounts on September 26 as follows: Oil discount: 1,000 VND/liter; RON 95 - III gasoline: 700 VND/liter; E5 gasoline: 500 VND/liter.
MIPEC gasoline discount on September 26: RON 95 - III discount: 900 VND/liter; E5 gasoline: 700 VND/liter; oil: 1,100 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 price adjustment period this afternoon (September 26), petroleum prices may increase sharply. Of which, gasoline is forecast to increase by 800-900 VND/liter; oil will increase by about 400-500 VND/liter.
Since the beginning of the year, since the price adjustment session on January 4, gasoline prices have increased 18 times and decreased 19 times. Oil prices have increased 16 times and decreased 21 times.
