At the end of the last trading session of the week, WTI oil price was at 96.60 USD/barrel, up 0.25 USD/barrel, equivalent to an increase of 0.26%. Brent oil was at 103.54 USD/barrel, up 0.96 USD/barrel, equivalent to an increase of 0.94%. In the last trading session of the week, oil prices increased slightly as investors worried that the US and Iran would not be able to reach a peace agreement allowing sea transport activities to return to normal in the Strait of Hormuz.
Despite a slight recovery in the last trading session of the week, overall in the week, Brent oil still decreased by 5.24%, WTI oil decreased by 8.37%. In the week, oil prices plummeted after President Donald Trump announced that he had temporarily suspended plans to attack Iran to facilitate negotiations to end the war in the Middle East.
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: negotiations between the US and Iran have tense factors but then cool down; the transportation of goods through the Strait of Hormuz is more favorable; the International Energy Agency (IEA) informed that commercial oil reserves are decreasing rapidly; military conflict between Russia and Ukraine is still taking place, Ukraine continues to attack Russian oil refineries... The above factors have caused world finished gasoline and oil prices in recent days to increase and decrease depending on each item.
Regarding the domestic gasoline and oil market, a representative of a business said that finished gasoline and oil prices continue to decrease. Accordingly, it is forecast that gasoline and oil prices in the operating period on May 28 will simultaneously reverse to decrease. In which, it is forecast that RON95 gasoline will decrease by 1,200 - 1,700 VND/liter; E5 RON92 gasoline will decrease by 1,000 - 1,500 VND/liter; DO oil will decrease by 500 - 1,000 VND/liter.
Domestically, the selling prices of popular consumer gasoline and oil items on the market on May 23rd are as follows:
- E5 RON 92 gasoline: not higher than 24,340 VND/liter, 1,209 VND/liter lower than RON 95-III gasoline;
- RON 95-III gasoline: not higher than 25,549 VND/liter;
- Diesel oil 0.05S: not higher than 28,761 VND/liter;
- 180CST 3.5S fuel oil: not higher than 21,483 VND/kg.
Gasoline and oil selling prices of neighboring countries Vietnam on May 21, 2026:
Regarding gasoline prices: Thailand: 36,181 VND/liter (Government subsidies); Cambodia: 35,438 VND/liter (Government subsidies); Laos: 42,225 VND/liter; China: 35,438 VND/liter (Government price control); Vietnam: 25,549 VND/liter.
Regarding oil prices: Thailand: 34,005 VND/liter (Government subsidies); Cambodia: 35,767 VND/liter; Laos: 42,753 VND/liter; China: 32,306 VND/liter (Government price control); Vietnam: 28,761 VND/liter.
Vietnam's gasoline and oil prices are currently lower than countries in the region and some countries sharing a common border.
