At the end of the weekend trading session, WTI oil price was at 83.44 USD/barrel, down 0.09 USD/barrel, equivalent to a decrease of 0.11%. WTI oil price closed the previous trading session at 83.53 USD/barrel, and opened the weekend session at 83.71 USD/barrel.
Brent oil was at 88.28 USD/barrel, down 0.24 USD/barrel, equivalent to a decrease of 0.27%. Brent oil closed the previous trading session at 88.52 USD/barrel, and opened the weekend session at 88.53 USD/barrel.
In the short term, oil prices are likely to fluctuate sharply according to developments in US-Iran relations, especially the traffic flow through the Strait of Hormuz. If transportation through Hormuz continues to be restricted, oil prices will be supported by concerns about supply disruptions. Conversely, any positive signals from negotiation efforts and the restoration of traffic through this strategic maritime route could cause oil prices to fall.
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: US economic pressure on Iran; Iran and Oman exchanging and discussing details of agreements related to controlling the Ormuz Strait; military conflict between Russia and Ukraine continues, continuing to focus heavily on energy facilities, oil refineries... The above factors have caused world finished gasoline and oil prices in recent days to increase and decrease depending on the item.
The selling prices of popular consumer gasoline and oil items in the domestic market in the operating period on August 29 are as follows:
- E5 RON92 gasoline: not higher than 21, 763 VND/liter, lower than E10RON95-III gasoline by 839 VND/liter;
- E10 RON95-III gasoline: not higher than 22, 602 VND/liter;
- Diesel oil 0.05S: not higher than 28,084 VND/liter;
- 180CST 3.5S mazut oil: not higher than 18,140 VND/kg.
Gasoline and oil selling prices of neighboring countries of Vietnam on August 27, 2026:
- Regarding gasoline prices: Thailand: 29,533 VND/liter (Government subsidies); Cambodia: 28,337 VND/liter (Government subsidies); Laos: 44,856 VND/liter; China: 31,657 VND/liter (Government price control); Vietnam: 22,602 VND/liter.
- Regarding oil prices: Thailand: 30,081 VND/liter (Government subsidies); Cambodia: 31,811 VND/liter; Laos: 38,184 VND/liter; China: 28,640 VND/liter (Government price control); Vietnam: 28,084 VND/liter.
Vietnam's gasoline and oil prices are currently low compared to countries sharing a common border.
