At 5:40 PM on August 1, 2026, world gasoline and oil prices simultaneously increased. Accordingly, WTI oil price was at 84.67 USD/barrel, up 1.08 USD/barrel, equivalent to an increase of 1.29%. Brent oil was at 87.93 USD/barrel, up 1.05 USD/barrel, equivalent to an increase of 1.21%. However, for the whole week, WTI oil price decreased by 0.56%, Brent oil decreased by 4.09%.
In the last trading session of the week, the market was supported after information emerged that some oil tankers had to turn around when passing through the Strait of Hormuz, raising concerns about the risk of disruption of transportation through one of the world's most important oil shipping routes.
The world gasoline and oil market in the past week's operating period was affected by key factors such as: Conflict between the US and Iran temporarily cooled down but then showed signs of re-emerging; Iran continued to attack some ships passing through the Strait of Hormuz; military conflict showed signs of spreading in the Middle East region when the US, Saudi Arabia and Iranian-backed armed groups in Iraq had mutual attacks; military conflict between Russia and Ukraine continued, focusing 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 1st are as follows:
- E5 RON92 gasoline: not higher than 22,388 VND/liter, 471 VND/liter lower than E10 RON95-III gasoline;
- E10 RON95-III gasoline: not higher than 22,859 VND/liter;
- Diesel oil 0.05S: not higher than 27,624 VND/liter;
- 180CST 3.5S fuel oil: not higher than 16,478 VND/kg.
Gasoline and oil selling prices of neighboring countries Vietnam on July 30, 2026:
- Regarding gasoline prices: Thailand: 28,750 VND/liter (Government subsidies); Cambodia: 29,645 VND/liter (Government subsidies); Laos: 47,388 VND/liter; China: 30,168 VND/liter (Government price control); Vietnam: 22,859 VND/liter.
- Regarding oil prices: Thailand: 28,750 VND/liter (Government subsidies); Cambodia: 34,206 VND/liter; Laos: 38,868 VND/liter; China: 27,189 VND/liter (Government price control); Vietnam: 27,624 VND/liter.
Vietnam's gasoline and oil prices are at a low level compared to countries sharing the same border (except for oil prices higher than China by 435 VND).
