World oil price today
World oil prices today recovered slightly after a sharp decline. At 11:23 (Vietnam time), WTI crude oil was at 68.75 USD/barrel, up 0.13 USD/barrel, equivalent to an increase of 0.19%. WTI crude oil closed the previous trading session at 68.62 USD/barrel, opening today's session at 68.73 USD/barrel.
Brent oil was at 72.28 USD/barrel, up 0.21 USD/barrel, equivalent to an increase of 0.29%. Brent oil closed the previous trading session at 72.07 USD/barrel and opened today's session at 72.22 USD/barrel.
World oil prices have continuously decreased sharply in recent trading sessions. At the end of the session on February 26, Brent and WTI crude oil prices decreased by 0.67% and 0.45%, respectively, to the lowest level in 2 months.
According to the US Energy Information Administration, US gasoline and distillate inventories in the week ending February 21 unexpectedly increased, respectively, by 400,000 barrels and 3.9 million barrels. In contrast, oil inventories unexpectedly decreased by 2.3 million barrels due to increased oil refining activities.
According to analysts, increased gasoline inventories put pressure on oil prices. In addition, US President Donald Trump's policies also increase the risk of oil price reduction. According to Reuters, President Trump's administration is pressuring Iraq to restart the oil pipeline to Turkey or face sanctions along with Iran.
Mr Trump's tariff policies could also spark a trade war and hold back economic growth.
Domestic gasoline prices today
On February 27, retail gasoline prices according to the price list announced by Petrolimex in regions 1 and 2 (46 provinces and cities are applying) are as follows:
The above domestic retail price of gasoline and oil was adjusted by the Ministry of Finance - Industry and Trade in the price management session on the afternoon of February 20, 2025. Accordingly, E5 RON 92 gasoline price increased by 257 VND/liter; RON 95-III gasoline increased by 257 VND/liter; kerosene increased by 40 VND/liter, diesel decreased by 10 VND/liter; mazut decreased by 183 VND/kg.
Today's gasoline discounts
The discount prices of gasoline products today, February 27, at some domestic gasoline trading enterprises are as follows:
Hoang Trong General Trading Company Limited: Diesel 0.05S - II: 1,550 VND/liter, applied at Hai Linh warehouse, Hai Phong; RON 95 - III gasoline: 1,500 VND/liter, applied at Hai Linh warehouse, Hai Phong; Diesel 0.05S - II: 1,400 VND/liter, applied at Bac Ninh warehouse; RON 95 - III gasoline: 1,350 VND/liter, applied at Bac Ninh warehouse; E5 gasoline: 1,450 VND/liter at Dinh Vu warehouse, Petec.
Tu Luc Petroleum: Diesel discount 0.05S-II: 1,500 VND/liter; Diesel 0.001S-V: 1,400; RON 95 - III gasoline: 1,450; E5 gasoline: 1,400 VND/liter.
MIPEC Petroleum: RON 95 - III gasoline discount: 1,450 VND/liter; E5 gasoline: 1,300 VND/liter; Diesel 0.05S-II: 1,650 VND/liter. Applicable to the Northern region.
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 price adjustment period this afternoon, gasoline prices may decrease slightly.
In particular, the price of RON 95 - III gasoline is forecast to decrease by about 210 VND/liter; E5 gasoline decreases by about 190 VND/liter; Diesel oil decreases by about 100 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.
