At 6:30 PM on April 19, WTI oil price was at 83.85 USD/barrel, down 10.84 USD/barrel, equivalent to a decrease of 11.45%. Brent oil was at 90.38 USD/barrel, down 9.01 USD/barrel, equivalent to a decrease of 9.07%.
Oil prices in last week's trading session fell sharply after Iran announced that it would allow all commercial ships to pass through the Strait of Hormuz for the remainder of the ceasefire agreement and US President Donald Trump said Iran had agreed to never close this strait again.
Iran's reopening of this vital maritime route is seen as a key factor in causing the market to quickly eliminate the "risk premium" accumulated during the escalating tensions. According to analysts, oil prices are returning to reflect real supply and demand instead of being dominated by geopolitical factors.
The world gasoline and oil market in this operating period is influenced by key factors such as: the US deploying measures to blockade the Strait of Hormuz; expectations for further negotiations between the US and Iran to end the conflict; military conflict between Russia and Ukraine still taking place... The above factors have caused world finished gasoline and oil prices in recent days to increase and decrease depending on each item.
The selling prices of popular consumer gasoline and oil items on the market on April 18, 2026 are as follows:
- E5RON92 gasoline: not higher than 22,592 VND/liter (an increase of 248 VND/liter compared to the current maximum selling price), lower than RON95-III gasoline by 1,669 VND/liter;
- RON95-III gasoline: not higher than 23,761 VND/liter (an increase of 218 VND/liter compared to the current maximum selling price);
- Diesel oil 0.05S: not higher than 31,041 VND/liter (down 1,928 VND/liter compared to the current maximum selling price);
- 180CST 3.5S mazut oil: not higher than 20,332 VND/kg (down 2,281 VND/kg compared to the current maximum selling price).
According to a gasoline and oil business, it is predicted that domestic gasoline and oil prices may simultaneously decrease in the next operating session.
Comparison of gasoline and oil selling prices of neighboring countries of Vietnam on April 16, 2026:
- Regarding gasoline prices: Thailand: 35,371 VND/liter (Government subsidies); Cambodia: 33,742 VND/liter (Government subsidies); Laos: 47,975 VND/liter; China: 36,200 VND/liter (Government price control); Vietnam: 23,761/liter.
- Regarding oil prices: Thailand: 36,564 VND/liter (Government subsidized); Cambodia: 42,178 VND/liter; Laos: 59,573 VND/liter; China: 33,070 VND/liter (Government controls price); Vietnam: 31,041 VND/liter.
Thus, Vietnam's gasoline and oil prices are currently lower than many countries.
