World oil price today
World oil prices today increased sharply. At the end of the weekend trading session, WTI crude oil was at 61.50 USD/barrel, up 1.43 USD/barrel, equivalent to an increase of 2.38%. WTI crude oil closed the previous trading session at 60.07 USD/barrel, opening today's session at 60.20 USD/barrel.
Brent oil was at 64.76 USD/barrel, up 1.43 USD/barrel, equivalent to an increase of 2.26%. Brent oil closed the previous trading session at 63.33 USD/barrel and opened today's session at 63.16 USD/barrel.
Thus, world oil prices at the end of the weekend session increased sharply. According to analysts, oil prices were supported by a statement from US Energy Secretary Chris Wright saying that the Trump administration is considering blocking Iran's oil exports as part of a plan to put pressure on the country's nuclear program. Strict implementation of sanctions could further tighten global crude oil supply.
Meanwhile, tariff tensions between the US and China continue to escalate. On April 11, China announced that it would increase the tax rate on imported goods from the US to 125%, starting from April 12 - an increase of 41% compared to the previously announced level. The move comes just a day after the US announced a 145% hike in tariffs on Chinese goods.
The director of the United Nations Trade Union warned that the impact of global tariff tensions could be a "disaster" for developing countries, especially when energy costs increase, directly affecting production and consumption activities.
Domestic gasoline prices today
On April 12, 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 10, 2025. Accordingly, gasoline prices have decreased sharply.
RON 95-III gasoline price decreased by 1,712 VND/liter, E5 RON 92 gasoline decreased by 1,491 VND/liter. Among the oil and kerosene products, the most decreased was 1,322 VND/liter, followed by diesel down 1,235 VND/liter and mazut down 1,124 VND/kg.
Today's gasoline discounts
The discount levels of gasoline products today, April 12, at some domestic gasoline trading enterprises are as follows:
Hoang Trong General Trading Company Limited: Diesel 0.05S - II: 1,450 VND/liter, applied at Hai Linh warehouse, Hai Phong; RON 95 - III gasoline: 1,450 VND/liter, applied at Hai Linh warehouse, Hai Phong warehouse K99; Diesel 0.05S - II: 1,300 VND/liter, applied at Bac Ninh warehouse; RON 95 - III gasoline: 1,300 VND/liter, applied at Bac Ninh warehouse; E5 gasoline: 1,250 VND/liter at Dinh Vu warehouse, Petec.
Tu Luc Petroleum: Diesel discount 0.05S-II: 1,450 VND/liter; Diesel 0.001S-V: 1,200; RON 95 - III gasoline: 1,300; E5 gasoline: 1,000 VND/liter.
MIPEC Petroleum: RON 95 - III Petroleum Discount: 1,400 VND/liter; E5 Petroleum: 1,200 VND/liter; Diesel 0.05S-II: 1,550 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 continue to decrease.
In particular, RON 95 gasoline price may decrease by about 600-800 VND/liter; E5 gasoline may decrease by about 650-800 VND/liter; Diesel oil decrease by about 400-600 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.
