World oil price today
At the end of a trading week, WTI crude oil was at 63.02 USD/barrel last weekend, down to 58.29 USD/barrel this weekend. Overall last week, WTI crude oil decreased by 4.73 USD/barrel, equivalent to a decrease of 7.5% compared to last week.
Brent oil was at 66.87 USD/barrel last weekend, down to 61.29 USD/barrel this weekend. Overall last week, Brent oil decreased by 5.58 USD/barrel, equivalent to a decrease of 8.3% compared to last week.
Thus, world oil prices fell quite sharply last week, recording the largest weekly decline in more than a month.
Domestic gasoline prices today
On May 4, 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 April 24, 2025. Accordingly, gasoline products have increased in price. E5 RON 92 gasoline price increased by 740 VND/liter, RON 95-III gasoline increased by 782 VND/liter, diesel increased by 487 VND/liter, kerosene increased by 531 VND/liter and mazut increased by 564 VND/kg.
Today's gasoline discounts
The discount levels of gasoline products today, April 4, 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, Nghi Son; RON 95 - III gasoline: 1,500 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: 1,350 VND/liter, applied at Bac Ninh warehouse; E5 gasoline: 1,350 VND/liter, applied at Dinh Vu warehouse.
Tu Luc Petroleum: Diesel discount 0.05S-II: 1,450 VND/liter; Diesel 0.001S-V: Out of stock; RON 95 - III gasoline: 1,400; E5 gasoline: 1,250 VND/liter.
MIPEC Petroleum: RON 95 - III Petroleum Discount: VND 1,500/liter; E5 Petroleum: VND 1,200/liter; Diesel 0.05S-II: VND 1,550/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, retail prices of gasoline may be adjusted down.
In particular, gasoline prices are forecast to decrease by about 50 - 100 VND/liter; oil prices decrease by about 100 - 300 VND/liter/kg.
According to the notice from the Ministry of Industry and Trade on adjusting the time of operating the petrol price on the occasion of the holidays 30.4–1.5.2025, due to the date of operating the periodic price (Thursday) coinciding with the International Labor Holiday, the next operation will be the first day after the ceremony, ie Monday and 5.5.2025.
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.
