At 5:40 PM on August 26, 2026, world oil prices simultaneously decreased. Accordingly, WTI oil price was at 80.11 USD/barrel, down 2.25 USD/barrel, equivalent to a decrease of 2.73%. Brent oil was at 84.95 USD/barrel, down 2.32 USD/barrel, equivalent to a decrease of 2.66%.
In the trading session on August 26, oil prices continued to plummet as the market expects the Hormuz Strait to be gradually reopened. This move comes after Iran resumed negotiations with Oman on the management of this maritime route.
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 peace negotiation process between the US and Iran along with the resumption of oil transportation through the Ormuz Strait being stalled; increased tensions in the Middle East region when the UAE announced the suspension of all trade and financial transactions with Iran; military conflict between Russia and Ukraine continues, focusing heavily on energy facilities and oil refineries...
The above factors have caused world finished gasoline and oil prices in recent days to increase and decrease depending on the item, but the upward trend is main.
According to a representative of a business, in the gasoline and oil price adjustment period next week, gasoline and oil prices may fluctuate in opposite directions. This business also noted that the actual increase and decrease depends on the provision and spending of the gasoline and oil price stabilization fund.
The selling prices of popular consumer gasoline and oil items on the market in the operating period on August 26 are as follows:
- E5 RON92 gasoline: not higher than 21,833 VND/liter, lower than E10 RON95-III gasoline by 835 VND/liter;
- E10 RON95-III gasoline: not higher than 22,668 VND/liter;
- Diesel oil 0.05S: not higher than 28,543 VND/liter;
- 180CST 3.5S mazut oil: not higher than 17,689 VND/kg.
Gasoline and oil selling prices of neighboring countries of Vietnam on August 20, 2026:
- Regarding gasoline prices: Thailand: 29,533 VND/liter (Government subsidies); Cambodia: 26,760 VND/liter (Government subsidies); Laos: 45,132 VND/liter; China: 31,657 VND/liter (Government price control); Vietnam: 22,668 VND/liter.
- Regarding oil prices: Thailand: 30,081 VND/liter (Government subsidies); Cambodia: 31,274 VND/liter; Laos: 39,024 VND/liter; China: 28,640 VND/liter (Government price control); Vietnam: 28,543 VND/liter.
Vietnam's gasoline and oil prices are currently low compared to countries sharing a common border.
