Category: Forex News, News

Gasoline and oil prices today, November 11th: Brent crude falls to $92/barrel, awaiting a new adjustment.

Following a sharp decline earlier in the week, the global oil market is experiencing mixed trends. While WTI crude oil prices have recovered slightly, Brent crude oil continues to fall, returning to around $92 per barrel. In Vietnam, gasoline and diesel prices remain based on the price list published on November 5th, with only one day left until the next scheduled price adjustment.

Illustration.

World oil prices today, November 11, 2026: WTI rises slightly, Brent falls.

According to reference data from November 11th, WTI crude oil prices were recorded at $86.44 per barrel, an increase of $0.20 per barrel compared to $86.24 per barrel on November 10th. This increase, equivalent to approximately 0.23%, indicates a slight recovery in WTI oil prices after the previous decline.

Meanwhile, Brent crude fell from $92.33 per barrel to $92 per barrel, a decrease of $0.33 per barrel, or about 0.36%.

Comparison table of world oil prices on November 11, 2026:

Type of oil November 10th November 11th Change
WTI oil 86.24 86.44 +0.20
Brent crude oil 92.33 92.00 -0.33

Unit: USD/barrel. The data is based on two reference points, not the closing price of the trading session.

Notably, the WTI price range on November 11th fluctuated from $83.89 to $86.92 per barrel, significantly wider than the $86.15 – $86.65 per barrel range recorded the previous day.

For Brent crude, the benchmark range on November 11th was between $92 and $92.10 per barrel, while on November 10th it fluctuated between $92.12 and $93.12 per barrel.

Crude oil price range table:

Type of oil November 10th November 11th
WTI 86.15 – 86.65 83.89 – 86.92
Brent 92:12 – 93:12 92.00 – 92.10

Unit: USD/barrel.

The above developments indicate that the oil market has not yet formed a clear recovery trend after the sharp decline. Although WTI oil edged up slightly, the increase was still quite modest, while Brent oil remained under downward pressure.

As of the November 11th update, the price difference between the two types of oil was $5.56 per barrel.

In the short term, fluctuations in oil supply and demand, trading activity, and changes in refined fuel prices on the international market will continue to be closely monitored. These are also factors that could impact gasoline and diesel prices in Vietnam in the upcoming price adjustment period.

Domestic gasoline and diesel prices today, November 11, 2026, remain unchanged from November 5.

While the global market is volatile, retail gasoline and diesel prices in Vietnam on November 11th continue to apply the Petrolimex price list effective from 3 PM on November 5th, 2026.

Accordingly, E5 RON 92-II gasoline in Zone 1 is priced at 20,890 VND/liter, while E10 RON 95-III gasoline is listed at 21,150 VND/liter.

Petrolimex fuel price list as of November 11, 2026:

Product Region 1 Region 2
E10 RON 95-V gasoline 22,650 23,100
E10 RON 95-III gasoline 21,150 21,570
E5 RON 92-II gasoline 20,890 21,300
DO oil 0.001SV 30,090 30,690
DO 0.05S-II oil 28,690 29,260
2-K kerosene 28,600 29,170

Unit: VND/liter. Petrolimex price list published from 3 PM on November 5, 2026.

In the price adjustment on November 5th, domestic fuel prices were significantly reduced. According to the maximum prices announced by the regulatory agency, E5 RON 92 gasoline decreased by 2,305 VND/liter, E10 RON 95-III gasoline decreased by 2,075 VND/liter, and 0.05S diesel decreased by 180 VND/liter.

Thus, gasoline prices recorded a larger decrease compared to diesel prices in the recent price adjustment period.

With current prices, motorcycle and car users can continue to benefit from the lower gasoline prices. Meanwhile, fuel costs for diesel-powered transportation remain relatively high.

Fuel prices in Zone 2 apply to areas far from ports, main depots, or fuel production facilities as stipulated. The actual price in each area must not exceed the Zone 2 price announced by Petrolimex.

Fuel price forecast for November 12, 2026: Will prices continue to fall?

According to the regular price adjustment schedule, domestic gasoline and diesel prices are expected to be adjusted at 3 PM on Thursday, November 12, 2026.

Recent developments in the crude oil market are creating some favorable signals for a potential fuel price reduction. Notably, both WTI and Brent have retreated to significantly lower levels compared to the beginning of the week, although WTI showed a slight recovery as of November 11th.

However, fluctuations in crude oil prices do not necessarily mean that domestic gasoline prices will decrease. Retail prices in Vietnam also depend on the price movements of refined petroleum products on the world market during the pricing period, along with factors such as exchange rates, taxes, business costs, and the price stabilization mechanism as stipulated by regulations.

If international refined petroleum prices continue their downward trend, the price adjustment on November 12th may see further downward pressure on some commodities.

Conversely, if product prices recover or other cost factors increase, the decline may narrow, and some products may even experience different outcomes.

Due to the lack of complete data for the entire pricing period, there is currently insufficient basis to accurately determine the increase or decrease in the prices of individual petroleum products in the next price adjustment period.

For the time being, retail prices at Petrolimex’s system will remain at the levels announced on November 5th. Consumers can continue to monitor the global oil market and wait for the official announcement on gasoline and diesel prices on the afternoon of November 12th.

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