World oil prices today
World oil prices fell across the board in today's trading session, July 18 (Vietnam time). WTI crude oil was at $81.88/barrel, up $0.44/barrel, or 0.54%. WTI crude oil closed the previous trading session at $81.44/barrel and opened today's session at $81.60/barrel.
Brent crude oil was at $85.41 a barrel, up $0.23 a barrel, or 0.27 percent. Brent crude oil closed the previous session at $85.18 a barrel and opened today's session at $85.18 a barrel.
Recent data has signaled slowing growth in the US, the euro zone and China, analysts say, and central banks are getting closer to cutting interest rates in earnest.
The Fed has raised interest rates aggressively in 2022 and 2023 to curb soaring inflation. Rising borrowing costs for consumers and businesses slow economic growth and reduce demand for oil. So lower interest rates in the future could boost oil demand.
Domestic gasoline prices today
On July 18, retail gasoline prices according to the price list announced by Petrolimex in regions 1 and 2 (46 provinces and cities currently applying) are as follows:
The above domestic retail prices of gasoline and oil were adjusted by the Ministry of Finance - Industry and Trade in the price management session on the afternoon of July 11. Accordingly, the price of diesel oil decreased the most, by 342 VND/liter, followed by RON 95-III gasoline, down 258 VND/liter. E5 RON 92 gasoline decreased less, by 179 VND/liter; kerosene decreased by 178 VND/liter. Fuel oil increased by 250 VND/kg.
Gasoline discount today
Discount prices of petroleum products today, July 18, at some domestic petroleum dealers are as follows:
PVOil applies discount rates on July 18: RON 95-III gasoline: Oil discount of VND1,500/liter; RON 95-III gasoline: VND1,450/liter; E5 gasoline: VND1,400/liter. This discount rate is applied at PVOil Dinh Vu warehouse, Petec An Hai, Cai Lan warehouse.
Tu Luc Petroleum discounts on July 18 as follows: Oil discount: 1,450 VND/liter; RON 95 - III gasoline: 1,400 VND/liter; E5 gasoline: 1,350 VND/liter.
MIPEC gasoline discount on July 18: 95 gasoline: 1,300 VND/liter; E5 gasoline: 1,200 VND/liter; oil: 1,650 VND/liter.
Forecast of domestic gasoline prices next period
According to a representative of a petroleum business, domestic petroleum prices will fluctuate according to the world petroleum situation. It is forecasted that in the price adjustment period this afternoon, petroleum prices will continue to decrease. Of which, gasoline will decrease by 100-200 VND/liter, oil will decrease by 200-300 VND/liter.
Since the beginning of the year, since the price adjustment session on January 4, gasoline prices have increased 16 times and decreased 12 times. Oil prices have increased 15 times and decreased 13 times.
Source: https://laodong.vn/kinh-doanh/gia-xang-dau-hom-nay-187-du-bao-giam-200-300-donglit-1368052.ldo
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