World oil prices today
World oil prices fell across the board on December 27 (Vietnam time). At 10:19 a.m., WTI crude oil was at $69.58 per barrel, down $0.04 per barrel, or 0.06%. WTI crude oil closed the previous trading session at $69.62 per barrel and opened today's session at $69.67 per barrel.
Brent crude oil was at $72.81 a barrel, down $0.04 a barrel, or 0.05 percent. Brent crude oil closed the previous trading session at $72.85 a barrel and opened today's session at $72.86 a barrel.
Thus, after several sessions of increasing and maintaining a stable trend, crude oil prices suddenly turned to decrease. At the end of yesterday's trading session (December 26), WTI and Brent crude oil decreased by 0.68% and 0.43%, respectively.
Oil prices have been hit hard by the dollar, which has continued to rise after hitting a key level last week, analysts said. A stronger dollar makes oil more expensive for holders of other currencies.
The outlook for the oil market next year is being negatively impacted as supply from countries outside the Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, is increasing, while demand is slowing, mainly in China.
Domestic gasoline prices today
On December 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 December 26. Accordingly, the price of E5 RON 92 gasoline decreased by 427 VND/liter; RON 95-III gasoline decreased by 457 VND/liter. Oil products increased and decreased in different directions. Of which, diesel oil decreased by 103 VND/liter; kerosene decreased by 260 VND/liter; only mazut oil increased by 67 VND/kg.
Gasoline discount today
Discount prices of petroleum products today, December 27, at some domestic petroleum businesses are as follows:
Hoang Trong General Trading Company Limited: Diesel 0.05S - II: 1,250 VND/liter, applied at Hai Linh warehouse, Hai Phong; RON 95 - III gasoline: 1,000 VND/liter, applied at Hai Linh warehouse, Hai Phong, Hoang Huy, Nghi Son; RON 95 - III gasoline: 850 VND/liter, applied at Bac Ninh warehouse; E5 gasoline: 900 VND/liter at Dinh Vu warehouse, Petec.
Tu Luc Petroleum: Discount on Diesel 0.05S-II: 1,250 VND/liter; Diesel 0.001S-V: 1,200; RON 95 - III gasoline: 950 VND/liter; E5 gasoline: 950 VND/liter.
MIPEC Gasoline: Discount on RON 95 - III gasoline: 900 VND/liter; E5 gasoline: 800 VND/liter; Diesel 0.05S-II: 1,300 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 will have mixed adjustments.
Since the beginning of the year, since the price adjustment session on January 4, gasoline prices have increased 24 times and decreased 26 times. Oil prices have increased 22 times and decreased 28 times.
Today's gasoline prices are for reference only and may change according to market conditions without prior notice. Readers should consider carefully when using the information in this newsletter.
See more articles about gasoline prices HERE.
