World oil prices today
World oil prices fell sharply today. At 10:41 (Vietnam time), WTI crude oil was at 73.64 USD/barrel, down 0.13 USD/barrel, equivalent to a decrease of 0.18%. WTI crude oil closed the previous trading session at 73.77 USD/barrel, opening today's session at 73.94 USD/barrel.
Brent crude oil was at $76.31 a barrel, down $0.18 a barrel, or 0.24 percent. Brent crude oil closed the previous session at $76.49 a barrel and opened today at $76.95 a barrel.
Thus, world oil prices have been fluctuating strongly. At the close of trading yesterday (January 28), Brent and WTI oil prices fell 0.53% and 0.82%, respectively. By this morning's session, both oil products had turned to decline.
Reuters quoted information from the White House as saying that President Trump still plans to impose 25% tariffs on Canada and Mexico from February 1, while considering imposing new tariffs on China.
Analysts fear the tariffs could disrupt the flow of energy products across the US borders with Canada and Mexico.
In China, the latest report showed that China's manufacturing activity unexpectedly contracted in the month, raising concerns about demand in the world's largest crude importer. China's crude demand is also expected to be affected by the latest US sanctions on Russian oil trade.
In the US, weather forecasts show warmer-than-normal temperatures throughout the week, which also weighed on heating fuel demand after natural gas and diesel prices rose sharply in previous sessions.
Domestic gasoline prices today
On January 29, 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 29, at some domestic petroleum businesses are as follows:
Hoang Trong General Trading Company Limited: Diesel 0.05S - II: 1,950 VND/liter, applied at Hai Linh warehouse, Hai Phong; RON 95 - III gasoline: 1,350 VND/liter, applied at Hai Linh warehouse, Hai Phong; Diesel 0.05S - II: 1,800 VND, applied at Bac Ninh warehouse; RON 95 - III gasoline: 1,200 VND/liter, applied at Bac Ninh warehouse; E5 gasoline: 1,350 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 is forecast to 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.
