At 5:30 PM on September 1, 2026, world oil prices simultaneously increased. Accordingly, WTI oil price was at 87.76 USD/barrel, up 2 USD/barrel, equivalent to an increase of 2.33%. Brent oil was at 92.31 USD/barrel, up 3.94 USD/barrel, equivalent to an increase of 4.46%. Last week, world oil prices fell sharply. In which, WTI oil price decreased by 4.2%, Brent oil price decreased by 4.93%.
Oil prices rose on Tuesday as the resumption of fighting between the US and Iran in the Middle East raised concerns about supply disruptions from the world's important crude oil producing region.
In the short term, oil prices are likely to fluctuate sharply according to developments in US-Iran relations, especially the traffic flow through the Strait of Hormuz.
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: US economic pressure on Iran; Iran and Oman exchanging and discussing details of agreements related to controlling the Ormuz Strait; military conflict between Russia and Ukraine continues, continuing to focus 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 in the domestic market in the operating period on September 1st are as follows:
- E5 RON92 gasoline: not higher than 21,763 VND/liter, 839 VND/liter lower than E10RON95-III gasoline;
- E10 RON95-III gasoline: not higher than 22,602 VND/liter;
- Diesel oil 0.05S: not higher than 28,084 VND/liter;
- 180CST 3.5S fuel oil: not higher than 18,140 VND/kg.
Gasoline and oil selling prices of neighboring countries of Vietnam on August 27, 2026:
- Regarding gasoline prices: Thailand: 29,533 VND/liter (Government subsidies); Cambodia: 28,337 VND/liter (Government subsidies); Laos: 44,856 VND/liter; China: 31,657 VND/liter (Government price control); Vietnam: 22,602 VND/liter.
- Regarding oil prices: Thailand: 30,081 VND/liter (Government subsidies); Cambodia: 33,811 VND/liter; Laos: 38,184 VND/liter; China: 28,640 VND/liter (Government price control); Vietnam: 28,084 VND/liter.
Gasoline and oil prices in Vietnam are currently low compared to many countries in the region.
