At 13:00 on April 7, WTI oil price was at 115.22 USD/barrel, up 2.81 USD/barrel, equivalent to an increase of 2.50%. Brent oil was at 111.17 USD/barrel, up 1.40 USD/barrel, equivalent to an increase of 1.28%.
On Tuesday, world oil prices continued to rise as the deadline imposed by the US approached, requiring Iran to open the Strait of Hormuz or it would be "removed", amid US President Donald Trump threatening to order attacks on Iranian bridges and power plants.
Domestically, gasoline and oil prices on April 7, 2026 are currently applied 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 mazut oil: not higher than 24,593 VND/kg.
According to the Ministry of Industry and Trade, the world gasoline and oil market in the past operating period was affected by key factors such as: Military conflict between the US, Israel and Iran continues 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 conflict between Russia and Ukraine continues to occur...
At the regular government press conference in March, Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan said that two domestic oil refineries, Dung Quat and Nghi Son, ensure sufficient raw materials for production until the end of April.
According to Deputy Minister Tan, in March, key traders also imported 3.2 million m3 of gasoline and oil. Along with the current inventory (2.6-2.8 million m3), domestic gasoline and oil supply can ensure production and consumption by the end of this month.
The Deputy Minister said that the management of supply and demand and gasoline prices is based on the principle of ensuring energy security, closely following world price developments, assessing the impact on people and affected sectors. On that basis, management agencies propose solutions to stabilize supply and demand, prices and harmonize interests between the State, businesses and consumers.
Vietnam's gasoline and oil prices are at an average level and lower than countries sharing the same border, except for oil prices higher than China and Thailand. According to data in the price adjustment session on April 3, 2026, the selling prices of gasoline and oil in neighboring Vietnam countries are as follows:
Regarding gasoline prices: Singapore: 70. 328 VND/liter; Thailand: 35. 468 VND/liter (Government subsidies); Cambodia: 35. 849 VND/liter (Government subsidies); Laos: 50. 112 VND/liter; China: 34, 827 VND/liter (Government price control); Vietnam: 26, 976 VND/liter.
Regarding oil prices: Singapore: 86,985 VND/liter; Thailand: 38,525 VND/liter (Government subsidies); Cambodia: 49,293 VND/liter; Laos: 61,632 VND/liter; China: 31,733 VND/liter (Government price control); Vietnam: 44,788 VND/liter.
