At 5:30 PM on August 16, 2026, world gasoline and oil prices simultaneously increased. Accordingly, WTI oil price was at 82.40 USD/barrel, up 1.15 USD/barrel, equivalent to an increase of 1.42%. Brent oil was at 88.60 USD/barrel, up 1.53 USD/barrel, equivalent to an increase of 1.76%.
According to the Ministry of Industry and Trade, the world gasoline and oil market in this operating period is affected by key factors such as: Information related to negotiations on controlling and reopening the Strait of Hormuz; Iran and the US demand mutual compensation; Houthi forces attack oil refinery in Saudi Arabia; OPEC and IEA lower oil demand growth forecast for 2026; Military conflict between Russia and Ukraine continues, focusing heavily on energy facilities, oil refineries...
The above factors have caused world finished gasoline and oil prices in recent days to increase and decrease depending on the item.
The selling prices of popular consumer gasoline and oil items on the market on August 16 are as follows:
- E5 RON92 gasoline: not higher than 21, 235 VND/liter, lower than E10 RON95-III gasoline by 884 VND/liter;
- E10 RON95-III gasoline: not higher than 22,119 VND/liter;
- Diesel oil 0.05S: not higher than 27,233 VND/liter;
- 180CST 3.5S mazut oil: not higher than 16,756 VND/kg.
Gasoline and oil selling prices of neighboring countries Vietnam on August 13th, 2026:
- Regarding gasoline prices: Thailand: 28,436 VND/liter (Government subsidies); Cambodia: 26,760 VND/liter (Government subsidies); Laos: 44,136 VND/liter; China: 32,383 VND/liter (Government price control); Vietnam: 22,119 VND/liter.
- Regarding oil prices: Thailand: 28,436 VND/liter (Government subsidies); Cambodia: 31,274 VND/liter; Laos: 37,152 VND/liter; China: 29,366 VND/liter (Government price control); Vietnam: 27,233 VND/liter.
Vietnam's gasoline and oil prices are currently low compared to countries sharing a common border.
