World oil price today
World oil prices today fell sharply. At 10:54, WTI crude oil was at 66.42 USD/barrel, down 0.53 USD/barrel, equivalent to a decrease of 0.79%. WTI crude oil closed the previous trading session at 66.95 USD/barrel, opening today's session at 66.63 USD/barrel.
Brent oil was at 69.63 USD/barrel, down 0.53 USD/barrel, equivalent to a decrease of 0.76%. Brent oil closed the previous trading session at 70.14 USD/barrel and opened today's session at 69.83 USD/barrel.
Thus, world oil prices are on a very sharp decline. At the end of yesterday's trading session (September 3), both oil products decreased by more than 6%. Of which, Brent oil decreased by 6.42%; WTI oil decreased by 6.64%, the strongest decrease in nearly 3 years. By this morning's session, both oil products continued to plummet.
According to analysts, oil prices fell sharply after OPEC+ suddenly agreed to increase production in the context of a market shaky by new US tariffs. The economy and oil demand are closely linked. The market is still affected by tariffs, but the combination of rising oil production and weaker global economic prospects puts downward pressure on oil prices and could open a new chapter in the volatile market.
Investors continue to worry that the tariffs announced by US President Donald Trump on February 2 will escalate the global trade war, limit economic growth and limit fuel demand.
Domestic gasoline prices today
On April 4, 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 April 3, 2025. Accordingly, gasoline prices have increased simultaneously.
E5 RON 92 gasoline price increased by 341 VND/liter, RON 95-III gasoline increased by 495 VND/liter, kerosene increased by 211 VND/liter, diesel increased by 261 VND/liter, mazut increased by 124 VND/kg.
Today's gasoline discounts
The discount levels of gasoline products today, April 4, at some domestic gasoline trading enterprises are as follows:
Hoang Trong General Trading Company Limited: Diesel 0.05S - II: 1,400 VND/liter, applied at Hai Linh warehouse, Hai Phong; RON 95 - III gasoline: 1,450 VND/liter, applied at Hai Linh warehouse, Hai Phong warehouse K99; Diesel 0.05S - II: 1,250 VND/liter, applied at Bac Ninh warehouse; RON 95 - III gasoline: 1,300 VND/liter, applied at Bac Ninh warehouse; E5 gasoline: 1,350 VND/liter at Dinh Vu warehouse, Petec.
Tu Luc Petroleum: Diesel discount 0.05S-II: 1,450 VND/liter; Diesel 0.001S-V: Out of stock; RON 95 - III gasoline: 1,500; E5 gasoline: 1,300 VND/liter.
MIPEC Petroleum: RON 95 - III Petroleum Discount: 1,400 VND/liter; E5 Petroleum: 1,200 VND/liter; Diesel 0.05S-II: 1,500 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 developments, it is forecasted that in the next price management period, retail prices of gasoline may decrease.
In particular, RON 95 gasoline price is forecast to decrease by about 200-350 VND/liter; E5 gasoline decreases by about 150-300 VND/liter; Diesel oil decreases by about 100-250 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.
