World oil prices reverse course and fall.

Gasoline and diesel prices have decreased across the board today. (Illustrative image: PLX)

Today's world oil prices

World oil prices fell across the board in today's trading session, August 16th (Vietnam time). WTI crude oil was at $77.97 per barrel, down $0.19 per barrel, or 0.24%. WTI crude oil closed the previous trading session at $78.16 per barrel and opened today's session at $78.04 per barrel.

Brent crude oil was trading at $80.92 per barrel, down $0.12 per barrel, or 0.15%. Brent closed the previous trading session at $81.04 per barrel and opened today's session at $80.88 per barrel.

World oil prices fell across the board compared to their opening prices, but still showed an upward trend compared to yesterday morning's prices. According to experts, escalating geopolitical conflicts in the Middle East and Russia-Ukraine are also driving continuous fluctuations in oil prices.

Domestic fuel prices today

On August 16th, the retail prices of gasoline and diesel fuel, according to Petrolimex 's published price list in Zone 1 and Zone 2 (applied to 46 provinces and cities), are as follows:

Domestic fuel prices on August 16th, according to the price list published by Petrolimex.

The aforementioned domestic retail fuel prices were adjusted by the Ministry of Finance and the Ministry of Industry and Trade at the price adjustment session on the afternoon of August 15th. Accordingly, the price of fuel oil increased the most, by 217 VND/kg. Diesel fuel increased the least, by 89 VND/liter. E5 RON 92 and RON 95-III gasoline increased by 167 VND/liter and 179 VND/liter respectively. Kerosene also increased by 161 VND/liter.

Today's fuel discounts

The discounted prices of petroleum products today, August 16th, at some domestic gas stations are as follows:

Pvoil applies the following discounts on August 16th: Diesel: 1,450 VND/liter; RON 95 - III gasoline: 1,350 VND/liter; E5 gasoline: 1,250 VND/liter. These discounts apply at Pvoil Dinh Vu, Petec An Hai, and Cai Lan depots.

Tu Luc fuel company's discounts on August 16th are as follows: Diesel: 1,400 VND/liter; RON 95 - III gasoline: 1,300 VND/liter; E5 gasoline: 1,200 VND/liter.

MIPEC fuel discounts on August 16th: Gasoline 95-III: 1,100 VND; E5 gasoline: 900 VND; diesel: 1,350 VND/liter.

Forecast of domestic gasoline and diesel prices for the next period.

According to a representative of a petroleum business, domestic gasoline and diesel prices will fluctuate according to the global oil situation. It is predicted that in the next price adjustment period, gasoline and diesel prices may see opposite adjustments.

Since the beginning of the year, starting from the price adjustment on January 4th, gasoline prices have increased 17 times and decreased 15 times. Diesel prices have increased 16 times and decreased 16 times.

Source: https://laodong.vn/kinh-doanh/gia-xang-dau-hom-nay-168-gia-dau-the-gioi-quay-dau-giam-1380692.ldo