Gasoline price today September 30: Strong increase at the beginning of the week

World oil prices today

World oil prices increased sharply in the first trading session of the week on September 30 (Vietnam time). At 10:17 a.m., WTI crude oil was at 68.59 USD/barrel, up 0.41 USD/barrel, equivalent to an increase of 0.60%. WTI crude oil closed the previous trading session at 68.18 USD/barrel, opening today's session at 68.56 USD/barrel.

Brent crude oil was at $72.00 a barrel, up $0.46 a barrel, or 0.64 percent. Brent crude oil closed the previous session at $71.54 a barrel and opened today at $71.69 a barrel.

According to Reuters, Riyadh is considering a strategy to regain market share in the oil market by increasing production, abandoning the unofficial price target of $ 100 / barrel. Meanwhile, the rival factions in Libya have reached an agreement to end the dispute, opening up the prospect of the country's export output being restored soon.

Meanwhile, OPEC+ plans to increase production by 180,000 barrels per day in December and oil exports from Libya are expected to resume soon as rival factions in the country have reached an agreement to end the dispute are factors that put pressure on oil prices.

Domestic gasoline prices today

On September 30, 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 - Ministry of Industry and Trade in the price management session on the afternoon of September 26. Accordingly, gasoline and oil prices were adjusted up. RON 95 gasoline increased by 750 VND/liter; E5 RON 92 gasoline increased by 680 VND/liter; diesel increased by 460 VND/liter; kerosene increased by 320 VND/liter; and fuel oil increased by 530 VND/kg.

Gasoline discount today

Discount prices of petroleum products today, September 30, at some domestic petroleum dealers are as follows:

PV OIl discount on September 30: Oil discount: 1,600 VND/liter; RON 95 - III gasoline: 1,500 VND/liter; E5 gasoline: 1,200 VND/liter.

Tu Luc Petroleum discount on September 30: Oil discount: 1,550 VND/liter; RON 95 - III gasoline: 1,450 VND/liter; E5 gasoline: 1,200 VND/liter.

MIPEC gasoline discount on September 30: RON 95 - III discount: 1,400 VND/liter; E5 gasoline: 1,200 VND/liter; oil: 1,550 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 sharply. Of which, gasoline may decrease by about 600-700 VND/liter; oil may decrease by about 300 VND/liter.

Since the beginning of the year, since the price adjustment session on January 4, gasoline prices have increased 19 times and decreased 19 times. Oil prices have increased 17 times and decreased 21 times.