World oil price today
World oil prices today increased simultaneously. At 12:30, WTI crude oil was at 61.48 USD/barrel, up 0.83 USD/barrel, equivalent to an increase of 1.37%. WTI crude oil closed the previous trading session at 60.70 USD/barrel, opening today's session at 61.03 USD/barrel.
Brent oil was at 64.97 USD/barrel, up 0.78 USD/barrel, equivalent to an increase of 1.23%. Brent oil closed the previous trading session at 64.21 USD/barrel and opened today's session at 64.41 USD/barrel.
Thus, world oil prices today increased sharply after previous deep declines. According to Reuters, last weekend, China - the world's second largest economy - announced the imposition of an additional 34% tax on US goods to respond to a series of new tariffs from President Donald Trump. In response, the US President warned that he would continue to impose an additional 50% tax if Beijing did not withdraw retaliatory measures.
In the context of escalating trade tensions, experts predict the possibility of an economic recession in the US and globally could reach 60%.
Not only worried about the risk of recession, the market is also under pressure from the policies of the Donald Trump administration, which are expected to push commodity prices higher.
Domestic gasoline prices today
On April 8, 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 8, at some domestic gasoline trading enterprises are as follows:
Hoang Trong General Trading Company Limited: Diesel 0.05S - II: VND 2,250/liter, applied at Hai Linh warehouse, Hai Phong; RON 95 - III gasoline: VND 2,250/liter, applied at Hai Linh warehouse, Hai Phong warehouse K99; Diesel 0.05S - II: VND 2,100/liter, applied at Bac Ninh warehouse; RON 95 - III gasoline: VND 2,100/liter, applied at Bac Ninh warehouse; E5 gasoline: VND 2,200/liter at Dinh Vu warehouse, Petec.
Tu Luc Petroleum: Diesel discount 0.05S-II: 2,200 VND/liter; Diesel 0.001S-V: 2,100; RON 95 - III gasoline: 2,200; E5 gasoline: 2,000 VND/liter.
MIPEC Petroleum: RON 95 - III Petroleum Discount: VND 2,100/liter; E5 Petroleum: VND 2,000/liter; Diesel 0.05S-II: VND 2,300/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 1,700-2,000 VND/liter; E5 gasoline may decrease by about 1,500-1,700 VND/liter; Diesel oil may decrease by about 1,200-1,500 VND/liter.
