World oil price today
World oil prices today increased simultaneously. At 11:29 (Vietnam time), WTI crude oil was at 67.71 USD/barrel, up 0.40 USD/barrel, equivalent to an increase of 0.60%. WTI crude oil closed the previous trading session at 66.31 USD/barrel, opening today's session at 66.44 USD/barrel.
Brent oil was at 69.69 USD/barrel, up 0.39 USD/barrel, equivalent to an increase of 0.56%. Brent oil closed the previous trading session at 69.30 USD/barrel and opened today's session at 69.47 USD/barrel.
Thus, world oil prices today recovered slightly after a series of consecutive price decreases. At the end of yesterday's trading session (March 5), Brent and oil prices decreased by more than 2%.
According to analysts, oil prices recovered partly thanks to the news that President Donald Trump is about to make a final decision on the possibility of tax cuts for some industries. In particular, the US will maintain a 25% tax rate on Canada and Mexico, but will consider eliminating a 10% tax rate on energy products imported from Canada, such as crude oil and gasoline, according to the rules of origin of the US-Mexico-Canada Agreement.
In addition, oil prices were affected by data from the US Energy Information Administration (EIA) showing that US crude oil inventories in the week ended February 28 increased by 3.6 million barrels to 433.8 million barrels, more than 10 times higher than the analysts' forecast increase of 341,000 barrels. The main reason is the seasonal maintenance of the refinery. The EIA also said that inventories of gasoline and distillate products decreased by 1.4 million barrels and 1.3 million barrels, respectively, due to increased export demand.
Domestic gasoline prices today
On March 6, 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 February 27, 2025. Accordingly, E5 RON 92 gasoline price decreased by 197 VND/liter, RON 95-III gasoline decreased by 19 VND/liter, kerosene decreased by 178 VND/liter, diesel decreased by 106 VND/liter. Only mazut oil increased by 19 VND/kg.
Today's gasoline discounts
The discount prices of gasoline products today, March 6, at some domestic gasoline trading enterprises are as follows:
Hoang Trong General Trading Company Limited: Diesel 0.05S - II: 1,950 VND/liter, applied at Hai Linh warehouse, Hai Phong; RON 95 - III gasoline: 1,850 VND/liter, applied at Hai Linh warehouse, Hai Phong; Diesel 0.05S - II: 1,800 VND/liter, applied at Bac Ninh warehouse; RON 95 - III gasoline: 1,700 VND/liter, applied at Bac Ninh warehouse; E5 gasoline: 1,700 VND/liter at Dinh Vu warehouse, Petec.
Tu Luc Petroleum: Diesel discount 0.05S-II: 1,800 VND/liter; Diesel 0.001S-V: 1,650; RON 95 - III gasoline: 1,600; E5 gasoline: 1,600 VND/liter.
MIPEC Petroleum: RON 95 - III Petroleum Discount: VND 1,500/liter; E5 Petroleum: VND 1,400/liter; Diesel 0.05S-II: VND 2,100/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 market developments, it is forecasted that in the next price adjustment period, gasoline prices may decrease slightly.
Of which, the price of RON 95 - III gasoline is forecast to decrease by about 710 VND/liter; E5 gasoline decreases by about 700 VND/liter; Diesel oil decreases by about 620 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.
