At 8:22 PM on April 29, WTI oil price was at 104.26 USD/barrel, up 4.33 USD/barrel, equivalent to an increase of 4.33%. Brent oil was at 109.06 USD/barrel, up 4.66 USD/barrel, equivalent to an increase of 4.46%.
Oil prices rose more than 4% on Wednesday, after a media report said the US would extend the blockade of Iranian ports, which could prolong supply disruptions 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: the United Arab Emirates (UAE) decided to leave OPEC and OPEC+; transportation through the Strait of Hormuz is still restricted; peace talks between the US and Iran have not made progress; military conflict between Russia and Ukraine is 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 average world finished gasoline and oil prices between the price adjustment period on April 23, 2026 and the price adjustment period on April 29, 2026 are: 126.290 USD/barrel of RON92 gasoline used to blend E5RON92 gasoline (up 5.060 USD/barrel, equivalent to an increase of 4.17%); 131.718 USD/barrel of RON95 gasoline (up 5.283 USD/barrel, equivalent to an increase of 4.18%); 157.788 USD/barrel of diesel oil 0.05S (up 11.363 USD/barrel, equivalent to an increase of 7.76%); 670.078 USD/ton of mazut oil 180CST 3.5S (up 61.053 USD/ton, equivalent to an increase of 10.02%).
Domestic gasoline and oil prices on April 29, 2026 are applied according to the price level:
- E5RON92 gasoline: not higher than 22, 626 VND/liter, lower than RON95-III gasoline by 1,125 VND/liter;
- RON95-III gasoline: not higher than 23,751 VND/liter;
- Diesel oil 0.05S: not higher than 28,172 VND/liter;
- 180CST 3.5S mazut oil: not higher than 20,027 VND/kg.
Gasoline and oil selling prices of neighboring countries of Vietnam on April 29, 2026:
- Regarding gasoline prices: Thailand: 34,613 VND/liter (Government subsidies); Cambodia: 33,859 VND/liter (Government subsidies); Laos: 45,616 VND/liter; China: 34,406 VND/liter (Government price control); Vietnam: 23,751 VND/liter.
- Regarding oil prices: Thailand: 32,779 VND/liter (Government subsidies); Cambodia: 37,146 VND/liter; Laos: 52,208 VND/liter; China: 31,313 VND/liter (Government price control); Vietnam: 28,172 VND/liter.
Thus, Vietnam's gasoline and oil prices are currently lower than those of countries sharing a common border.
