World oil prices today

In the past week, world gasoline and oil prices turned down. WTI crude oil from 85.15 USD/barrel at the end of last week fell to 84.67 USD/barrel at the end of this week. Overall last week, WTI oil prices decreased by 0.48 USD/barrel, equivalent to a decrease of 0.56% compared to the end of last week.

Brent oil fell from 96.78 USD/barrel at the end of last week to 90.12 USD/barrel at the end of this week. Over the past week, Brent oil prices fell 6.66 USD/barrel, equivalent to a decrease of about 6.88% compared to the end of last week.

World oil prices this week fluctuated sharply amid new developments related to tensions in the Middle East. In the first sessions of the week, oil prices fell sharply to their lowest level in more than a week after the US temporarily suspended airstrikes against Iran, raising expectations for a diplomatic solution that could help resume oil transportation across the Strait of Hormuz soon.

However, the decline is not long-lasting as risks to supply are still present. The flow of ships through the Strait of Hormuz continues to be low, while Houthi attacks in the Red Sea still disrupt maritime operations.

In addition, the risk of unsafety in the Bab el-Mandeb Strait – a strategic transport route connecting the Red Sea with the Gulf of Aden – continues to increase, threatening Saudi Arabia’s oil exports and international trade flows.

Oil prices also received support from information that OPEC+ is likely to temporarily suspend its production increase plan for three months, starting from October 2026, after completing the roadmap to restore previously voluntarily cut production.

Domestic gasoline prices today

On August 2nd, retail gasoline and oil prices according to the price list announced by Petrolimex in region 1 and region 2 are as follows:

The above domestic retail gasoline and oil prices are adjusted by Petrolimex according to the inter-ministry of Industry and Trade – Finance’s management period from 3:00 PM on July 30th.

Gasoline and oil discount today

– Tu Luc Petroleum Joint Stock Company 1:

+ Diesel oil 0.05S – II: 50 VND/liter;

+ E10 RON 95-III gasoline: 200 VND/liter

– MIPEC Petroleum Trading and Trading Co., Ltd. – MIPEC Petro (applied to the Northern region):

+ E10 gasoline: 100 VND/liter.

+ Diesel oil 0.05S-II: 100 VND/liter.

Domestic gasoline and oil price forecast for the next period

According to a representative of a gasoline and oil business, it is predicted that in the next price adjustment period, retail gasoline and oil prices may increase slightly.

In which:

– E10 gasoline increases by about 0-50 VND/liter

– E5 RON 92 – II gasoline increased by about 100 VND/liter;

– Diesel oil increased by about 300 VND/liter.