World oil prices today
World oil prices fell sharply today. At 10:07 (Vietnam time), WTI crude oil was at 74.09 USD/barrel, down 0.57 USD/barrel, equivalent to a decrease of 0.76%. WTI crude oil closed the previous trading session at 74.66 USD/barrel, opening today's session at 74.47 USD/barrel.
Brent crude oil was at $76.94 a barrel, down $0.61 a barrel, or 0.79 percent. Brent crude oil closed the previous session at $77.55 a barrel and opened today at $76.72 a barrel.
Thus, world oil prices continued to decline in the first trading session of the week. Last week, world oil prices ended a four-session streak of increases and simultaneously fell sharply.
Last week, US President Donald Trump declared an energy emergency to reduce costs and boost energy production and exports. He also pledged to fill the strategic reserve, a move that supported oil market sentiment, analysts said.
However, Mr. Trump's tough trade policies, such as considering imposing a 10% tariff on imports from China and 25% on goods from Canada, and threatening to impose tariffs on Russia and Europe, have added pressure on oil prices due to concerns about a global trade slowdown.
In the Middle East, the Houthis announced that they would stop attacking ships in the Red Sea if a ceasefire in Gaza was secured, along with Mr. Trump's call for Saudi Arabia and OPEC to reduce oil prices, causing oil prices to fall sharply last week.
Domestic gasoline prices today
On January 27, 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.
Gasoline discount today
Discount prices of petroleum products today, January 27, 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: 1,200 VND/liter, applied at Hai Linh warehouse, Hai Phong; Diesel 0.05S - II: 1,550 VND/liter, applied at Bac Ninh warehouse; RON 95 - III gasoline: 1,050 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: 1,250 VND/liter; E5 gasoline: 1,100 VND/liter; Diesel 0.05S-II: 1,750 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.
