World oil prices today
World oil prices today turned to decrease. At 11:21, WTI crude oil was at 73.21 USD/barrel, down 0.11 USD/barrel, equivalent to a decrease of 0.15%. WTI crude oil closed the previous trading session at 73.32 USD/barrel, opening today's session at 73.26 USD/barrel.
Brent crude oil was at $76.06 a barrel, down $0.10 a barrel, or 0.13 percent. Brent crude oil closed the previous session at $76.16 a barrel and opened today at $76.22 a barrel.
Thus, world oil prices have turned sharply downward. At the end of yesterday's trading session (January 8), Brent and WTI oil prices fell 1.16% and 1.25%, respectively. The downward trend continued in this morning's session.
Analysts said the market was pressured by a significant increase in U.S. gasoline and diesel inventories in recent weeks. Fuel inventories have risen as refineries continue to ramp up production. In addition, a stronger U.S. dollar makes oil more expensive for holders of other currencies.
Higher inflation in Germany also raised concerns that the European Central Bank may not cut interest rates across the eurozone as quickly as expected.
Supporting oil prices were expectations of improved demand due to holiday travel and economic commitments in China. Cold weather in the US and Europe boosted heating oil demand.
Domestic gasoline prices today
On January 9, 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 9, at some domestic petroleum businesses are as follows:
Hoang Trong General Trading Company Limited: Diesel 0.05S - II: 850 VND/liter, applied at Hai Linh warehouse, Hai Phong; RON 95 - III gasoline: 850 VND/liter, applied at Hai Linh warehouse, Hai Phong; Diesel 0.05S - II: 700 VND/liter, applied at Bac Ninh warehouse; RON 95 - III gasoline: 700 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: 750; RON 95 - III gasoline: 800 VND/liter; E5 gasoline: 800 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, the price of E5 RON 92 gasoline increased by about 370 VND/liter; RON 95-III gasoline increased by 260 VND/liter; Diesel oil increased by 490 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.
