According to updates at 7:10 am on April 4, world oil prices fluctuated in opposite directions. WTI oil price was at 111.54 USD/barrel, down 0.45 USD/barrel, equivalent to a decrease of 0.40%. Brent oil was at 109.03 USD/barrel, 7.87 USD/barrel, equivalent to an increase of 7.78%.
Brent oil prices jumped nearly 8%, as traders worried about prolonged disruptions to oil supplies a day after President Donald Trump announced that the US would continue attacks on Iran.
In addition, the UK is holding an online meeting with about 40 countries to discuss options for reopening the Strait of Hormuz. The US is not expected to attend.
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: Military conflicts between the US, Israel and Iran continue to occur, increasing tensions appear when the US President declares that he will continue to attack Iran and Iran takes retaliatory actions; Iran continues to control the Strait of Hormuz; Houthi forces in Yemen, Hezbollah in Lebanon attack Israel; military conflicts between Russia and Ukraine continue to occur...
The above factors caused the world finished gasoline and oil prices on April 2, 2026 to suddenly increase sharply, 0.05S diesel oil increased to 291.820 USD/barrel, an increase of 54.538 USD/barrel (22.98%) compared to the world average price in the previous operating period.
In the context of a volatile global energy market, domestic gasoline and oil price management is being implemented in a more flexible direction to closely monitor world market developments, while ensuring domestic supply and demand stability. Gasoline and oil enterprises in Vietnam are proactively increasing reserves and diversifying supply sources to ensure domestic market stability.
Recently, the Ministry of Industry and Trade also issued a Plan to implement Conclusion No. 14-KL/TW of the Politburo and Official Dispatch No. 22/CD-TTg of the Prime Minister on ensuring supply and stabilizing fuel prices in the new situation, with a series of synchronous tasks and solutions to maintain the domestic gasoline and oil market.
According to the plan, units under the Ministry such as the Domestic Market Management and Development Department; Oil and Gas and Coal Department, Import-Export Department coordinate with key petroleum trading traders, key petroleum production traders, petroleum distribution traders and Departments of Industry and Trade of provinces and cities to continue to closely monitor the developments of the world petroleum market, forecast the situation, supply and demand developments and world petroleum prices to update effective response scenarios and overall handling plans, ensuring petroleum supply for the domestic market.
Domestic gasoline prices on April 4, 2026 are at:
- E5RON92 gasoline: not higher than 25,428 VND/liter.
- Gasoline RON95-III: not higher than 26, 976 VND/liter.
- Diesel oil 0.05S: not higher than 44,788 VND/liter.
- 180CST 3.5S fuel oil: not higher than 24,593 VND/kg.
