World oil price today
World oil prices today fell sharply. At the end of the weekend trading session, WTI crude oil was at 61.99 USD/barrel, down 4.96 USD/barrel, equivalent to a decrease of 7.41%. WTI crude oil closed the previous trading session at 66.95 USD/barrel, opening today's session at 66.64 USD/barrel.
Brent oil was at 65.58 USD/barrel, down 4.56 USD/barrel, equivalent to a decrease of 6.50%. Brent oil closed the previous trading session at 70.14 USD/barrel and opened today's session at 70.00 USD/barrel.
Notably, during the session, there was a time when Brent oil prices decreased to 64.03 USD/barrel; WTI oil prices decreased to 60.45 USD/barrel - the lowest level in the past 4 years.
According to analysts, world oil prices continue to plummet in the context of escalating trade tensions between major economies. China's decision to increase tariffs on US goods has raised concerns about the risk of a global recession.
As the world's top oil importer, China has announced that it will impose an additional 34% tax on all goods from the US from April 10. The move comes after US President Donald Trump raised import tariffs to a more than century-high level, prompting many other countries to prepare retaliatory measures.
Immediately after the US President's announcement, prices of many important commodities such as natural gas, soybeans and gold all fell sharply, while the global stock market plummeted. These fluctuations further strengthen the forecast of the risk of global economic recession.
Domestic gasoline prices today
On April 5, 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 3, 2025. Accordingly, gasoline prices have increased simultaneously.
E5 RON 92 gasoline price increased by 341 VND/liter, RON 95-III gasoline increased by 495 VND/liter, kerosene increased by 211 VND/liter, diesel increased by 261 VND/liter, mazut increased by 124 VND/kg.
Today's gasoline discounts
The discount levels of gasoline products today, April 5, at some domestic gasoline trading enterprises are as follows:
Hoang Trong General Trading Company Limited: Diesel 0.05S - II: 1,700 VND/liter, applied at Hai Linh warehouse, Hai Phong; RON 95 - III gasoline: 1,700 VND/liter, applied at Hai Linh warehouse, Hai Phong warehouse K99; Diesel 0.05S - II: 1,550 VND/liter, applied at Bac Ninh warehouse; RON 95 - III gasoline: 1,550 VND/liter, applied at Bac Ninh warehouse; E5 gasoline: 1,500 VND/liter at Dinh Vu warehouse, Petec.
Tu Luc Petroleum: Diesel discount 0.05S-II: 1,700 VND/liter; Diesel 0.001S-V: 1,500; RON 95 - III gasoline: 1,700; E5 gasoline: 1,450 VND/liter.
MIPEC Petroleum: RON 95 - III gasoline discount: 1,650 VND/liter; E5 gasoline: 1,500 VND/liter; Diesel 0.05S-II: 1,850 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 developments, it is forecasted that in the next price management period, retail prices of gasoline may decrease.
In particular, RON 95 gasoline price is forecast to decrease by about 200-350 VND/liter; E5 gasoline decreases by about 150-300 VND/liter; Diesel oil decreases by about 100-250 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.
