World oil prices today
World oil prices continued to fall today. At 11:21, WTI crude oil was at 73.44 USD/barrel, down 0.12 USD/barrel, or 0.16%. WTI crude oil closed the previous trading session at 73.56 USD/barrel and opened today's session at 74.38 USD/barrel.
Brent crude oil was at $76.22 a barrel, down $0.08 a barrel, or 0.10 percent. Brent crude oil closed the previous session at $76.30 a barrel and opened today's session at $76.26 a barrel.
Thus, world oil prices are on a downward trend. At the end of the first trading session of the week (January 6), Brent and WTI oil prices fell 0.3% and 0.5% respectively. The downward trend continued in this morning's session.
Oil prices were weighed down by some less-than-optimistic economic news from the US and Germany, despite support from a weaker US dollar and forecasts of increased heating demand due to winter storms, analysts said.
Supporting oil prices were a 1.1% drop in the US dollar and a winter storm that is expected to increase heating oil demand. China, the world's top oil importer, has continued to announce economic stimulus measures to help warm the market.
Domestic gasoline prices today
On January 7, 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 January 2, 2025. Accordingly, the prices of all gasoline and oil products increased simultaneously. E5 RON 92 gasoline increased by VND 240/liter, RON 95-III gasoline increased by VND 199/liter, diesel increased by VND 125/liter, kerosene increased by VND 126/liter, and fuel oil increased by VND 129/kg.
Gasoline discount today
Discount prices of petroleum products today, January 7, at some domestic petroleum businesses are as follows:
Hoang Trong General Trading Company Limited: Diesel 0.05S - II: 800 VND/liter, applied at Hai Linh warehouse, Hai Phong; RON 95 - III gasoline: 800 VND/liter, applied at Hai Linh warehouse, Hai Phong; Diesel 0.05S - II: 650 VND/liter, applied at Bac Ninh warehouse; RON 95 - III gasoline: 650 VND/liter, applied at Bac Ninh warehouse; E5 gasoline: 700 VND/liter at Dinh Vu warehouse, Petec.
Tu Luc Petroleum: Discount on Diesel 0.05S-II: 800 VND/liter; Diesel 0.001S-V: 700; RON 95 - III gasoline: 750 VND/liter; E5 gasoline: 700 VND/liter.
MIPEC Gasoline: Discount on RON 95 - III gasoline: 600 VND/liter; E5 gasoline: 600 VND/liter; Diesel 0.05S-II: 800 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 will continue to increase. Of which, gasoline prices will increase by about 300-400 VND/liter; oil prices will increase by about 450-500 VND/liter.
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.
