World oil prices today
World gasoline and oil prices simultaneously decreased. At the end of the weekend trading session, WTI oil price was at 83.44 USD/barrel, down 0.09 USD/barrel, equivalent to a decrease of 0.11%. WTI oil price closed the previous trading session at 83.53 USD/barrel, and opened the weekend session at 83.71 USD/barrel.
Brent oil was at 88.28 USD/barrel, down 0.24 USD/barrel, equivalent to a decrease of 0.27%. Brent oil closed the previous trading session at 88.52 USD/barrel, and opened the weekend session at 88.53 USD/barrel.
World oil prices simultaneously fell in the last trading session of the week, as investors cautiously assessed signals showing that the US Federal Reserve (Fed) continues to prioritize controlling inflation. The market is also under pressure from speculation about the possibility of reaching an agreement to reopen the Strait of Hormuz.
Earlier this week, the US announced sanctions described as "the harshest in history" against Iran. Iran criticized these measures and said they would not be as effective as Washington expected.
Meanwhile, intermediaries are stepping up efforts to promote the reopening of the Hormuz Strait. Iran is said to be building a list of conditions for reopening this maritime route, after Pakistan and Qatar asked Tehran to make specific requests.
However, transportation through the Strait of Hormuz remained low. According to data from maritime tracking firm Kpler, only 7 cargo ships passed through the Strait of Hormuz on August 27, lower than the average of the last 10 days.
Domestic gasoline prices today
On August 29, retail gasoline and oil prices according to the price list announced by Petrolimex in region 1 and region 2 are as follows:
The above domestic retail gasoline and oil prices are adjusted by Petrolimex according to the inter-ministry of Industry and Trade - Finance's management period from 3:00 PM on August 27.
Gasoline and oil discount today
- Tu Luc Petroleum Joint Stock Company 1:
+ Diesel oil 0.05S - II: 1,800 VND/liter;
+ Diesel oil 0.001S - V: 1,800 VND/liter;
+ E10 RON 95-III gasoline: 1, 200 VND/liter
+ E15 RON 92-II gasoline: 1, 200 VND/liter
- MIPEC Petroleum Trading and Trading Co., Ltd. - MIPEC Petro (applied to the Northern region):
+ E10 gasoline: 1,000 VND/liter.
+ Diesel oil 0.05S-II: 1,900 VND/liter.
Domestic gasoline and oil price forecast for the next period
According to a representative of a gasoline and oil business, it is predicted that in the next price adjustment period, retail gasoline and oil prices may decrease.
In which:
- E10 gasoline reduced by about 0-50 VND/liter
- E5 RON 92 - II gasoline reduced by about 0-50 VND/liter;
- Diesel oil decreased by about 1,500 VND/liter.
Today's gasoline and oil prices are for reference only and may change according to market developments.
Refer to more articles about gasoline and oil prices HERE.
