World oil price today
At the end of a trading week, WTI crude oil was at 69.36 USD/barrel last weekend, down to 61.99 USD/barrel this weekend. Overall last week, WTI crude oil decreased by 7.37 USD/barrel, equivalent to a decrease of 10.6% compared to last week.
Brent oil was at 72.76 USD/barrel last weekend, down to 65.58 USD/barrel this weekend. Overall last week, Brent oil decreased by 7.18 USD/barrel, equivalent to a decrease of 9.9% compared to last week.
Thus, world oil prices have ended the trading week with a sharp decrease. Especially in the two weekend sessions when both WTI and Brent oil plummeted.
According to analysts, the reason for the sharp decline in oil prices is that OPEC+ suddenly agreed to increase production in the context of a global market fluctuating due to tariff tensions between the US and China. Oil consumption demand is closely linked to economic prospects, so increased output while global growth expectations weakened, creating double pressure on oil prices.
Notably, China - the world's largest oil importer - announced the imposition of an additional 34% tax on all goods from the US starting from April 10. The move comes after US President Donald Trump decided to raise import tariffs to a more than a century high, raising concerns about the risk of a global recession and opening up the risk of retaliation from many other countries.
Domestic gasoline prices today
On April 6, 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 6, at some domestic gasoline trading enterprises are as follows:
Hoang Trong General Trading Company Limited: Diesel 0.05S - II: 1,800 VND/liter, applied at Hai Linh warehouse, Hai Phong; RON 95 - III gasoline: 1,800 VND/liter, applied at Hai Linh warehouse, Hai Phong warehouse K99; Diesel 0.05S - II: 1,650 VND/liter, applied at Bac Ninh warehouse; RON 95 - III gasoline: 1,650 VND/liter, applied at Bac Ninh warehouse; E5 gasoline: 1,650 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 may decrease by about 1,000-1,400 VND/liter; E5 gasoline may decrease by about 900-1,200 VND/liter; Diesel oil decrease by about 700-1,000 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.
