World oil prices today
World oil prices on December 6 (Vietnam time) were trading around yesterday's closing price. At 11:40 a.m., WTI crude oil was at $68.25/barrel, down slightly by $0.05/barrel, or 0.07%. WTI crude oil closed yesterday's trading session at $68.30/barrel and opened today's session at $68.42/barrel.
Brent crude oil was at $72.01 a barrel, down slightly by $0.08 a barrel, or 0.11 percent. Brent crude oil closed the previous session at $72.09 a barrel and opened today at $72.15 a barrel.
Thus, world oil prices continued to fall today after closing slightly down on December 5. According to Reuters, the Organization of the Petroleum Exporting Countries and its allies (OPEC+) had planned to start lifting production cuts from October this year, but due to slowing global demand and high production outside the group, the plan had to be postponed many times.
At the meeting on December 5, OPEC+ said it would gradually lift the 2.2 million barrel/day cut from April 2025 with a monthly increase of 138,000 barrels/day, lasting for 18 months until September 2026.
Limiting oil’s decline during the session was a weaker US dollar. Analysts expect the US Federal Reserve to cut interest rates this month, further easing the strength of the US dollar and supporting the oil market.
Domestic gasoline prices today
On December 6, 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 December 5. Accordingly, the price of diesel oil decreased the most, by 395 VND/liter; kerosene decreased by 325 VND/liter; RON 95-III gasoline decreased by 294 VND/liter. Notably, the price of E5 RON 92 gasoline increased by 24 VND/liter, while fuel oil remained unchanged.
Gasoline discount today
Discount prices of petroleum products today, December 6, at some domestic petroleum dealers:
PVOIL discounts on December 6 as follows: Diesel discount (0.005S-V): 1,250 VND/liter; Diesel discount (0.001S-V): 1,150; RON 95 - III gasoline: 1,100 VND/liter; E5 gasoline: 1,050 VND/liter. Applicable at PVOIL Dinh Vu warehouse, Petec An Hai, Cai Lan.
Tu Luc Petroleum discounts on December 6 as follows: Diesel discount (0.005S-V): 1,200 VND/liter; Diesel discount (0.001S-V): 1,100; RON 95 - III gasoline: 1,050 VND/liter; E5 gasoline: 1,000 VND/liter.
MIPEC gasoline discount on December 6: RON 95 - III gasoline discount: 1,000 VND/liter; E5 gasoline: 900 VND/liter; oil: 1,300 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 management period, petroleum prices may have mixed adjustments. In particular, gasoline prices are forecast to increase slightly, oil prices to decrease.
Since the beginning of the year, since the price adjustment session on January 4, gasoline prices have increased 22 times and decreased 26 times. Oil prices have increased 21 times and decreased 27 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.
