World oil price today
World oil prices today fell sharply. At 11:00, WTI crude oil was at 60.62 USD/barrel, down 1.37 USD/barrel, equivalent to a decrease of 2.21%. WTI crude oil closed the previous trading session at 61.99 USD/barrel, opening today's session at 60.39 USD/barrel.
Brent oil was at 64.15 USD/barrel, down 1.43 USD/barrel, equivalent to a decrease of 2.18%. Brent oil closed the previous trading session at 65.58 USD/barrel and opened today's session at 63.69 USD/barrel.
Last week, oil prices plummeted by more than 10% due to the strong impact of the decision to impose import tariffs announced by US President Donald Trump on April 2, along with the Organization of the Petroleum Exporting Countries and its allies (OPEC+) unexpectedly increasing supply.
In the first trading session of this week, gasoline prices continued to plummet. Analysts said that this week, tariffs will continue to be a dominating factor in the oil market. According to Reuters, oil prices may fluctuate strongly ahead of the deadline of April 9 set by US President Donald Trump to apply high counterpart tariffs, a move that caused market turmoil last week and raised concerns about the risk of a global economic recession.
Domestic gasoline prices today
On April 7, 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 7, 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.
