World oil price today
World oil prices continue to increase today. At 11:00, WTI crude oil was at 69.62 USD/barrel, up 0.53 USD/barrel, equivalent to an increase of 0.90%. WTI crude oil closed the previous trading session at 69.09 USD/barrel, opening today's session at 69.23 USD/barrel.
Brent oil was at 62.58 USD/barrel, up 0.43 USD/barrel, equivalent to an increase of 0.69%. Brent oil closed the previous trading session at 62.15 USD/barrel and opened today's session at 62.06 USD/barrel.
Thus, world oil prices are on the path to a strong recovery. At the end of yesterday's trading session (May 6), Brent and WTI oil prices increased by 3.2% and 3.4%, respectively. By this morning's session, world oil prices continued to increase.
Domestic gasoline prices today
On May 7, 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 May 5, 2025. Accordingly, gasoline products have decreased in price. E5 RON 92 gasoline price decreased by 84 VND/liter, RON 95-III gasoline decreased by 52 VND/liter, diesel decreased by 165 VND/liter, kerosene decreased by 151 VND/liter and mazut decreased by 326 VND/kg.
Today's gasoline discounts
The discount levels of gasoline products today, May 7, at some domestic gasoline trading enterprises are as follows:
Hoang Trong General Trading Company Limited: Diesel 0.05S - II: 1,500 VND/liter, applied at Hai Linh warehouse, Hai Phong, Nghi Son; RON 95 - III gasoline: 1,500 VND/liter, applied at Hai Linh warehouse, Hai Phong; Diesel 0.05S - II: 1,550 VND/liter, applied at Bac Ninh warehouse; RON 95 - III gasoline: 1,350 VND/liter, applied at Bac Ninh warehouse; E5 gasoline: 1,400 VND/liter, applied at Dinh Vu warehouse.
Tu Luc Petroleum: Diesel discount 0.05S-II: 1,550 VND/liter; Diesel 0.001S-V: Out of stock; RON 95 - III gasoline: 1,550; E5 gasoline: 1,450 VND/liter.
MIPEC Petroleum: RON 95 - III gasoline discount: 1,450 VND/liter; E5 gasoline: 1,350 VND/liter; Diesel 0.05S-II: 1,550 VND/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, retail prices of gasoline may continue to decrease sharply.
In particular, RON 95 gasoline price is forecast to decrease by about 500 VND/liter; E5 gasoline may decrease by about 450 VND/liter; Diesel oil decreases by about 590 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.
