At 18:00 on July 20, 2026, world gasoline and oil prices simultaneously increased. Accordingly, WTI oil price was at 81.82 USD/barrel, up 0.04 USD/barrel, equivalent to an increase of 0.05%. Brent oil was at 88.58 USD/barrel, up 0.48 USD/barrel, equivalent to an increase of 0.54%.
On the first trading day of the week, world oil prices rose sharply after the US and Iran continued large-scale airstrikes over the weekend, raising concerns about the risk of widespread conflict in the Middle East and disruption of global supply.
Fighting continues to concentrate around the Strait of Hormuz. Transportation through this area is still significantly disrupted, causing the market to add risk compensation to oil prices.
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: The re-emergence of attacks between the US and Iran; the US announces the re-imposement of blockades on Iran's coast, ports, and oil storage facilities; Iran announces the closure of the Strait of Hormuz; the military conflict between Russia and Ukraine continues, Ukraine focuses on attacking Russian oil refineries; Russia bans diesel oil exports... The above factors mainly caused the world finished gasoline and oil prices to increase in recent days.
The selling prices of popular consumer gasoline and oil items on the market on June 20 are as follows:
- E5RON92 gasoline: Not higher than 19,826 VND/liter, 724 VND/liter lower than E10RON95-III gasoline;
- E10RON95-III gasoline: Not higher than 20,550 VND/liter;
- Diesel oil 0.05S: Not higher than 23,329 VND/liter;
- Fuel oil 180CST 3.5S: Not higher than 14,459 VND/kg.
Gasoline and oil selling prices of neighboring countries of Vietnam on July 16, 2026:
- Regarding gasoline prices: Thailand: 27,391 VND/liter (Government subsidies); Cambodia: 25,354 VND/liter (Government subsidies); Laos: 42,648 VND/liter; China: 29,175 VND/liter (Government price control); Vietnam: 20,550 VND/liter.
- Regarding oil prices: Thailand: 27,391 VND/liter (Government subsidies); Cambodia: 27,955 VND/liter; Laos: 33,924 VND/liter; China: 26,234 VND/liter (Government price control); Vietnam: 23,329 VND/liter. Vietnam's gasoline and oil prices are currently lower than countries sharing the same border.
