World oil prices today
World gasoline and oil prices fluctuated sharply. At the end of yesterday's trading session, WTI oil prices decreased by 16.41%, and Brent oil decreased by 13.29%.
By this morning's session, both oil commodities reversed to increase. At 7:30 am (Vietnam time), WTI crude oil price was at 97.04 USD/barrel, up 2.63 USD/barrel, equivalent to an increase of 2.79 percent. WTI oil closed the previous trading session at 94.41 USD/barrel and opened today's session at 96.63 USD/barrel.
Brent oil price was at 97.10 USD/barrel, up 0.715 USD/barrel, equivalent to an increase of 0.74%. Brent oil price closed the previous trading session at 96.30 USD/barrel and opened today's session at 96.40 USD/barrel.
According to analysts, developments related to the Strait of Hormuz are causing strong fluctuations in world oil prices.
After President Donald Trump announced a 2-week postponement of Iran's civilian infrastructure attack plan, oil prices fluctuated sharply. This move was described by him as part of a "two-way ceasefire agreement", depending on Iran reopening the Strait of Hormuz.
The US has received a 10-point proposal from Tehran, which is seen as the basis for negotiations, and emphasized the delay to create more time to complete a potential agreement. Iran agreed to reopen the Strait of Hormuz temporarily if hostilities are stopped, with transportation activities coordinated by its armed forces. Israel is also said to have accepted this agreement.
Previously, the near-closure of the Strait of Hormuz - a shipping route transporting about 20% of global oil supplies - had significantly disrupted the energy market.
Domestic gasoline prices today
On April 9, retail gasoline and oil prices according to the price list announced by Petrolimex in region 1 and region 2 are as follows:
Gasoline and oil discount today
- Hoang Trong General Trading Co., Ltd.:
+ Hai Linh Warehouse, Petec, Dinh Vu: Diesel Oil 0.05S: 8,000 VND/liter; RON 95 - III gasoline: 3,000 VND/liter.
+ Bac Ninh Warehouse: Diesel Oil 0.05S: 7,850 VND/liter; RON 95 - III gasoline: 2,850 VND/liter.
+ Nghi Son Warehouse: Diesel Oil 0.05S: 8,000 VND/liter; RON 95 - III gasoline: 3,000 VND/liter.
- Tu Luc Petroleum Joint Stock Company 1:
+ Diesel oil 0.05S - II: 5,500 VND/liter;
+ Diesel oil 0.001S-V: 5,200 VND/liter;
+ RON 95 - III gasoline: 1,500 VND/liter;
+ E5 gasoline: 1,500 VND/liter.
- MIPEC Petroleum Trading and Trading Co., Ltd. - MIPEC Petro (applied to the Northern region):
+ RON 95 - III gasoline: 1,500 VND/liter.
+ Diesel oil 0.05S-II: 1,500 VND/liter.
+ Diesel oil 0.05S: 13,000 VND/liter.
Domestic gasoline and oil price forecast for the next period
According to a representative of a gasoline and oil business, domestic gasoline and oil prices will fluctuate according to the world gasoline and oil situation. According to current market developments, it is predicted that in the next price adjustment period, retail gasoline and oil prices may decrease. In which, oil prices are forecast to decrease very sharply.
Today's gasoline and oil prices are for reference only and may change according to market developments.
Refer to more articles about gasoline and oil prices HERE.
