World oil prices today
World oil prices on December 5 (Vietnam time) were trading around yesterday's closing price. At 11:39, WTI crude oil was at 68.53 USD/barrel, down slightly by 0.01 USD/barrel, equivalent to a decrease of 0.01%. WTI crude oil closed yesterday's trading session at 68.54 USD/barrel and opened today's session at 68.70 USD/barrel.
Brent crude oil was at $72.31 per barrel, the same as the closing price on December 4. Brent crude oil closed the previous trading session at $72.31 per barrel and opened today's session at $72.45 per barrel.
Thus, world oil prices today remained around the closing price with a sharp decrease yesterday (December 4). At the end of the trading session on December 4, world oil prices simultaneously decreased by nearly 2% as investors awaited the decision of the Organization of the Petroleum Exporting Countries and its allies (OPEC+) on production cuts.
Limiting the decline in oil prices during the session was the inventory report of the US Energy Information Administration (EIA). According to the agency, US crude oil inventories fell by 5.1 million barrels last week as refineries increased operations. Meanwhile, US gasoline and distillate inventories increased by 2.4 million barrels and 3.4 million barrels, respectively.
Domestic gasoline prices today
On December 5, 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 November 28. Accordingly, all gasoline and oil products increased. The price of E5 RON 92 gasoline increased by 497 VND/liter; RON 95-III gasoline increased by 329 VND/liter; diesel increased by 268 VND/liter; kerosene increased by 221 VND/liter; and fuel oil increased by 111 VND/kg.
Gasoline discount today
Discount prices of petroleum products today, December 5, at some domestic petroleum dealers:
PVOIL discounts on December 5 as follows: Diesel discount (0.005S-V): 1,550 VND/liter; Diesel (0.001S-V): 1,550; RON 95 - III gasoline: 1,350 VND/liter; E5 gasoline: 1,150 VND/liter. Applicable at PVOIL Dinh Vu warehouse, Petec An Hai, Cai Lan.
Tu Luc Petroleum discounts on December 5 as follows: Diesel discount (0.005S-V): 1,500 VND/liter; Diesel discount (0.001S-V): 1,500; RON 95 - III gasoline: 1,300 VND/liter; E5 gasoline: 1,100 VND/liter.
MIPEC gasoline discount on December 5: RON 95 - III gasoline discount: 1,100 VND/liter; E5 gasoline: 1,000 VND/liter; oil: 1,500 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, RON 95 gasoline may decrease by about 350 VND/liter, E5 gasoline by 10 VND/liter, and Diesel by 420 VND/liter.
Since the beginning of the year, since the price adjustment session on January 4, gasoline prices have increased 22 times and decreased 25 times. Oil prices have increased 21 times and decreased 26 times.
Today's gasoline prices are for reference only and may change according to market conditions without prior notice. Readers should consider carefully when using the information in this newsletter.
See more articles about gasoline prices HERE.
