World oil prices today
Last week, world gasoline and oil prices continued to fall sharply. WTI crude oil from 84.67 USD/barrel at the end of last week fell to 77.08 USD/barrel at the end of this week. Overall last week, WTI oil prices decreased by 7.59 USD/barrel, equivalent to a decrease of 8.96% compared to the end of last week.
Brent oil fell from 90.12 USD/barrel at the end of last week to 82.21 USD/barrel at the end of this week. Over the past week, Brent oil prices fell 7.91 USD/barrel, equivalent to a decrease of 8.78% compared to the end of last week.
World gasoline prices fell sharply last week as the prospect of reaching an agreement to cool down tensions and restore maritime operations through the Strait of Hormuz became clearer.
President Donald Trump said that negotiations have made some progress, but the parties still disagree on the conditions for fully restoring maritime operations through this strategic transport route.
Positive signals about the possibility of reaching an agreement have strongly impacted market sentiment. However, investors remain cautious as the specific conditions for reaching an official agreement have not been clarified.
Meanwhile, the Iranian-backed Houthi forces announced a large-scale attack targeting Saudi Arabia-backed forces in Yemen, raising concerns about the risk of continued instability in the region.
During the week, Iran and Oman agreed on a route for ships to pass through the Strait of Hormuz, located between the two countries. However, the possibility of the US approving the related terms remains open.
Earlier, Iranian Foreign Ministry spokesman Esmaeil Baghaei confirmed that Iran and Oman had agreed on the geographical coordinates of the new maritime route through the Strait of Hormuz. He said the two countries may soon announce a joint statement on the content of the agreement.
Domestic gasoline prices today
On August 9th, retail gasoline and oil prices according to the price list announced by Petrolimex in region 1 and region 2 are as follows:
The above domestic retail gasoline and oil prices are adjusted by Petrolimex according to the inter-ministry of Industry and Trade - Finance's management period from 3:00 PM on August 6.
Gasoline and oil discount today
- Tu Luc Petroleum Joint Stock Company 1:
+ Diesel oil 0.05S - II: 1,500 VND/liter;
+ E10 RON 95-III gasoline: 1,250 VND/liter
- MIPEC Petroleum Trading and Trading Co., Ltd. - MIPEC Petro (applied to the Northern region):
+ E10 gasoline: 1,000 VND/liter.
+ Diesel oil 0.05S-II: 1,500 VND/liter.
Domestic gasoline and oil price forecast for the next period
According to a representative of a gasoline and oil business, it is predicted that in the next price adjustment period, retail gasoline and oil prices may decrease.
In which:
- E10 gasoline reduced by about 1,400 VND/liter
- E5 RON 92 - II gasoline reduced by about 1,500 VND/liter;
- Diesel oil decreased by about 1,800 VND/liter.
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.
