At 6:45 PM on May 27, WTI oil price was at 90.55 USD/barrel, down 3.34% USD/barrel, equivalent to a decrease of 3.56%. Brent oil was at 94.21 USD/barrel, down 2.46 USD/barrel, equivalent to a decrease of 2.54%.
Oil prices fell in Wednesday's trading session as negotiations between the US and Iran continued, despite reports that the two sides had opened fire on each other this week. Traders are also considering progress in peace talks between the US and Iran as well as the risk of renewed conflicts.
According to the Ministry of Industry and Trade, the world gasoline and oil market in the past week's operating period was affected by key factors such as: the negotiations between the US and Iran had tense factors, but then cooled down; the transportation of goods through the Strait of Hormuz had a more favorable development; 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 may decrease by 2,090 VND/liter; E5 RON92 gasoline decreases by 1,580 VND/liter; DO oil decreases by 1,410 VND/liter.
Domestically, the selling prices of popular consumer gasoline and oil items on the market on May 27 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 of Vietnam in the operating period 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 those of countries sharing a common border.
