World oil prices today
World oil prices increased slightly today. At 11:27 (Vietnam time), WTI crude oil was at 71.17 USD/barrel, up 0.14 USD/barrel, equivalent to an increase of 0.20%. WTI crude oil closed the previous trading session at 71.03 USD/barrel, opening today's session at 71.06 USD/barrel.
Brent crude oil was at $74.67 a barrel, up $0.06 a barrel, or 0.08 percent. Brent crude oil closed the previous session at $74.61 a barrel and opened today at $74.70 a barrel.
Thus, world oil prices have just experienced a sharp decline. At the end of yesterday's trading session (February 5), Brent and WTI crude oil fell 2.09% and 2.3%, respectively. Crude oil prices increased slightly this morning.
According to the US Energy Information Administration (EIA), in the week ending January 31, US oil inventories increased sharply by 8.7 million barrels, as refineries faced weak gasoline demand and were undergoing maintenance.
In addition, concerns about new trade competition between the US and China - the world's largest energy importer - also put pressure on oil prices. After China announced a 10% tariff on crude oil, 15% on liquefied natural gas and coal imported from the US, in retaliation for the US imposing a 10% tariff on Chinese exports, crude oil prices plummeted.
Domestic gasoline prices today
On February 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:
![Gia xang dau trong nuoc ngay 6.2 theo bang gia cong bo cua Petrolimex. Anh: Ha Vy](https://media-cdn-v2.laodong.vn/storage/newsportal/2025/2/6/1459288/Gia-Xang.jpg)
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 February 1, 2025. Accordingly, all gasoline and oil products decreased simultaneously.
The price of E5 RON 92 gasoline decreased by 201 VND/liter, RON 95-III gasoline decreased by 140 VND/liter, diesel oil decreased by 948 VND/liter, kerosene decreased by 671 VND/liter, and fuel oil decreased by 250 VND/kg.
Gasoline discount today
Discount prices of petroleum products today, February 6, at some domestic petroleum businesses are as follows:
Hoang Trong General Trading Company Limited: Diesel 0.05S - II: 1,300 VND/liter, applied at Hai Linh warehouse, Hai Phong; RON 95 - III gasoline: 1,250 VND/liter, applied at Hai Linh warehouse, Hai Phong; Diesel 0.05S - II: 1,150 VND/liter, applied at Bac Ninh warehouse; RON 95 - III gasoline: 1,100 VND/liter, applied at Bac Ninh warehouse; E5 gasoline: 1,150 VND/liter at Dinh Vu warehouse, Petec.
Tu Luc Petroleum: Discount on Diesel 0.05S-II: 1,300 VND/liter; Diesel 0.001S-V: 1,200; RON 95 - III gasoline: 1,250 VND/liter; E5 gasoline: 1,250 VND/liter.
MIPEC Gasoline: Discount on RON 95 - III gasoline: 1,250 VND/liter; E5 gasoline: 900 VND/liter; Diesel 0.05S-II: 1,400 VND/liter. Applicable to the Northern region.
Forecast of domestic gasoline prices next period
A source from a petroleum business unit said that domestic petroleum prices will fluctuate according to the world petroleum situation. According to current market developments, it is forecasted that in the price adjustment period this afternoon, petroleum prices may have opposite adjustments.
Of which, RON 95-III gasoline may decrease slightly by less than 10 VND/liter, or remain unchanged; E5 RON 92 gasoline price increases by about 110 VND/liter; diesel price decreases by about 120 VND/liter.
Today's gasoline prices are for reference only and may change according to market conditions.
See more articles about gasoline prices HERE.