World oil price today
At the end of a trading week, WTI crude oil was at 70.22 USD/barrel last weekend, down to 69.76 USD/barrel this weekend. Overall last week, WTI crude oil decreased slightly by 0.46 USD/barrel, equivalent to a decrease of 0.65% compared to last week.
Brent oil was at 74.43 USD/barrel last weekend, down to 72.81 USD/barrel this weekend. Overall last week, Brent oil decreased by 1.62 USD/barrel, equivalent to a decrease of 2.2% compared to last week.
According to analysts, world oil prices fell last week due to tariff risks and concerns about economic recession overwhelming the risk of sanctions from the US increasing pressure on Iran and Venezuela.
In the trading session at the end of the week, oil prices plummeted as the market focused on the heated debate between the US President and the Ukrainian President over a ceasefire agreement in the Russia-Ukraine conflict.
Experts say this could bring an advantage to Russia, while opening up the possibility of the country increasing its oil supply to the market.
Domestic gasoline prices today
On March 2, retail gasoline prices according to the price list announced by Petrolimex in regions 1 and 2 (46 provinces and cities are applying) are as follows:
The above domestic retail price of gasoline and oil was adjusted by the Ministry of Finance - Industry and Trade in the price management session on the afternoon of February 27, 2025. Accordingly, E5 RON 92 gasoline price decreased by 197 VND/liter, RON 95-III gasoline decreased by 19 VND/liter, kerosene decreased by 178 VND/liter, diesel decreased by 106 VND/liter. Only mazut oil increased by 19 VND/kg.
Today's gasoline discounts
The discount prices of gasoline products today, September 2 at some domestic gasoline trading enterprises are as follows:
Hoang Trong General Trading Company Limited: Diesel 0.05S - II: 1,550 VND/liter, applied at Hai Linh warehouse, Hai Phong; RON 95 - III gasoline: 1,400 VND/liter, applied at Hai Linh warehouse, Hai Phong; Diesel 0.05S - II: 1,400 VND/liter, applied at Bac Ninh warehouse; RON 95 - III gasoline: 1,250 VND/liter, applied at Bac Ninh warehouse; E5 gasoline: 1,300 VND/liter at Dinh Vu warehouse, Petec.
Tu Luc Petroleum: Diesel discount 0.05S-II: 1,550 VND/liter; Diesel 0.001S-V: 1,300; RON 95 - III gasoline: 1,350; E5 gasoline: 1,300 VND/liter.
MIPEC Petroleum: RON 95 - III Petroleum Discount: 1,300 VND/liter; E5 Petroleum: 1,200 VND/liter; Diesel 0.05S-II: 1,550 VND/liter. Applicable to the Northern region.
Forecast of domestic gasoline prices in the coming period
According to a representative of a petroleum business, domestic petroleum prices will fluctuate according to the world petroleum situation. According to current market developments, it is forecasted that in the next price adjustment period, gasoline prices may decrease slightly. Of which, gasoline price is forecast to decrease by 400-600 VND/liter; oil price decreases by about 400-500 VND/liter.
Today's gasoline and oil prices are for reference only and may change according to market developments.
Refer to more articles on gasoline prices HERE.
