At 4:50 PM on April 11, WTI oil price was at 96.57 USD/barrel, down 1.30 USD/barrel, equivalent to a decrease of 1.33%. Brent oil was at 95.20 USD/barrel, down 0.72 USD/barrel, equivalent to a decrease of 0.75%.
Oil prices recorded the biggest weekly drop since 2022 ahead of negotiations between Iran and the US to reach a permanent ceasefire agreement. Oil prices fluctuated around 100 USD/barrel as attacks continued and oil flows through the Strait of Hormuz remained heavily restricted, along with concerns about the possibility of supply disruption in Saudi Arabia.
In the price adjustment session last week 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 representatives of the Domestic Market Management and Development Department, tensions in the Middle East have caused certain impacts on gasoline and oil imports in the past time. However, according to updates from key enterprises, signed shipments are basically still being deployed according to plan, and there is no widespread interruption of import sources. Some shipments are behind schedule due to certain interruptions in transportation routes, but they are also being actively brought back to Vietnam by the parties.
At the same time, businesses have also proactively and actively diversified supply sources. This diversification of supply sources has also minimized risks and improved flexibility in market management.
Regarding the question about the operating scenario in the event that world oil prices increase sharply, exceeding the threshold of 200 USD/barrel and affecting supply as well as domestic retail prices, a representative of the Domestic Market Management and Development Department said that the Ministry has proactively developed flexible operating plans, using many synchronous tools to ensure the dual goal: not to disrupt gasoline and oil supply, and at the same time control the impact on inflation and macroeconomic stability.
On April 11, 2026, domestic gasoline and oil prices will be 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.
According to the Ministry of Industry and Trade, Vietnam's gasoline and oil prices are currently at an average level and lower than countries sharing a common border.
Gasoline and oil selling prices of neighboring countries of Vietnam on April 9, 2026: (1) Regarding gasoline prices: Singapore: 70,328 VND/liter; Thailand: 35,999 VND/liter (Government subsidies); Cambodia: 36,167 VND/liter (Government subsidies); Laos: 49,058 VND/liter; China: 36,200 VND/liter (Government price control); Vietnam: 22,344 VND/liter.
(2) Regarding oil prices: Singapore: 86,985 VND/liter; Thailand: 39,635 VND/liter (Government subsidies); Cambodia: 53,922 VND/liter; Laos: 61,488 VND/liter; China: 33,070 VND/liter (Government price control); Vietnam: 32,969 VND/liter.
