Update on gasoline and oil prices on April 10th: World oil prices reverse to increase

At 2:22 PM on April 10, WTI oil price was at 99.85 USD/barrel, up 1.98 USD/barrel, equivalent to an increase of 2.02%. Brent oil was at 97.88 USD/barrel, up 1.96 USD/barrel, equivalent to an increase of 2.04%.

In Friday's trading session, oil prices rose after attacks on Saudi Arabia's energy infrastructure, and as the market assessed the risk premium from the continued closure of the Strait of Hormuz, despite a fragile ceasefire agreement between the US and Iran.

In yesterday's price adjustment session on April 9, 2026, the world gasoline and oil market was affected by key factors such as: Military conflict between the US, Israel and Iran; temporary ceasefire between the US and Iran; military conflict between Russia and Ukraine still taking place... The above factors caused the world finished gasoline and oil prices on April 8, 2026 to decrease sharply.

According to Mr. Nguyen Anh Tuan - Head of Petroleum and Gas Business Department, Department of Domestic Market Management and Development, Ministry of Industry and Trade, in the past time, imported petroleum from the Middle East has been significantly affected by geopolitical developments.

However, according to updates from key businesses, the signed shipments are basically still being deployed according to plan, and there is no widespread contract cancellation. Some shipments are behind schedule due to transportation interruptions, but the parties are actively coordinating to bring goods to Vietnam.

In March, businesses increased imports with large volumes, reaching over 3.2 million m3. Along with domestic inventory, the current supply is basically sufficient to meet demand until May 2026.

Businesses have proactively diversified supply sources, not depending on a single region. In addition to sources from the Middle East, some businesses have increased imports from other markets to supply domestic oil refineries. Diversifying supply sources contributes to minimizing risks and improving flexibility in market management," Mr. Tuan informed.

April 10, 2026, domestic gasoline and oil prices are applied at:

- E5RON92 gasoline: not higher than 22,344 VND/liter, lower than RON95-III gasoline by 1,199 VND/liter;

- Gasoline RON95-III: not higher than 23,543 VND/liter;

- Diesel oil 0.05S: not higher than 32,969 VND/liter;

- 180CST 3.5S mazut oil: not higher than 22, 613 VND/kg.