Gasoline and oil prices today, January 4th: Strongest decrease in 5 years

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Gasoline and oil prices today, January 4th: For the whole year 2025, Brent and WTI oil prices both decreased by nearly 20%, the sharpest decrease since 2020.

World gasoline prices today

After a year of strong fluctuations, the global oil market has entered a new phase with many mixed cautious factors.

For the whole year of 2025, Brent and WTI oil prices both decreased by nearly 20%, the sharpest decrease since 2020. Notably, this is also the third consecutive year Brent oil prices have fallen, recording the longest series of price decreases in history.

In the past week, world oil prices fluctuated with a small range. Ending the week, WTI crude oil from 56.74 USD/barrel last weekend edged up to 57.32 USD/barrel. Overall last week, WTI oil increased by 0.58 USD/barrel, equivalent to an increase of 1.02% compared to the previous week.

Similarly, Brent oil increased slightly compared to last week. Brent oil price rose from 60.64 USD/barrel last weekend to 60.75 USD/barrel at the end of this week. Overall last week, Brent oil increased by 0.11 USD/barrel, equivalent to an increase of 0.18%.

Overall, world gasoline and oil prices in the past week still maintained at a low level.

According to analysts, OPEC+ (Ocean Exporters' Organization and partners, including OPEC and non-OPEC oil producers) are likely to continue to maintain the decision to temporarily suspend production growth in the first quarter of 2026. 2026 is considered a key period to test the effectiveness of OPEC+'s management decisions in efforts to balance oil supply and demand. In that context, China is forecast to continue to promote crude oil stockpiling in the first half of the year, thereby contributing to forming a "floating price" for the market.

Domestic gasoline prices today

On January 4, retail gasoline and oil prices according to the price list announced by Petrolimex in region 1 and region 2 are as follows:

The above-mentioned domestic retail gasoline and oil prices are adjusted by the inter-Ministry of Industry and Trade - Finance from 3 pm on December 31, 2025

Accordingly, E5RON92 gasoline decreased by 278 VND/liter; RON95 gasoline decreased by 89 VND/liter; diesel oil decreased by 2 VND/liter; kerosene decreased by 15 VND/liter; mazut oil decreased by 37 VND/kg.

Gasoline discounts today

The discount rates for petroleum products today, January 4th, at some domestic petroleum businesses are as follows:

- Hoang Trong General Trading Co., Ltd.:

+ Hai Linh warehouse, Hai Phong: Diesel oil 0.05S - II: 350 VND/liter; RON 95 - III gasoline: 600 VND/liter.

+ Bac Ninh warehouse: Diesel oil 0.05S - II: 200 VND/liter; gasoline RON 95 - III: 450 VND/liter.

+ Nghi Son Refinery: Diesel 0.05S - II: 350 VND/liter; RON 95 - III gasoline: 650 VND/liter

- Tu Luc Petroleum Joint Stock Company 1:

+ Diesel 0.05S - II: 300 VND/liter;

+ Diesel 0.001S-V: Out of stock

+ RON 95 - III gasoline: 600 VND/liter;

+ E5 gasoline: 500 VND/liter.

- MIPEC - MIPEC Petro Trading and Trading Co., Ltd. (applied to the Northern region):

+ RON 95 - III gasoline: 600 VND/liter.

+ Diesel 0.05S-II: 450 VND/liter.

+ Diesel 0.05S: 350 VND/liter.

Forecast of domestic gasoline and oil prices in the coming period

According to a representative of a gasoline and oil business, domestic gasoline and oil prices will fluctuate according to the world gasoline and oil situation. According to current market developments, it is predicted that in the next price adjustment period, retail gasoline and oil prices may adjust in opposite directions.

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.

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