Gasoline price today 4.9: Sudden sharp drop

World oil prices today

World oil prices plummeted in today's trading session, September 4 (Vietnam time). WTI crude oil was at 69.83 USD/barrel, down 0.51 USD/barrel, equivalent to a decrease of 0.73%. WTI crude oil closed the previous trading session at 70.34 USD/barrel, opening today's session at 70.33 USD/barrel.

Brent crude oil was at $73.30 a barrel, down $0.45 a barrel, or 0.61 percent. Brent crude oil closed the previous session at $73.75 a barrel and opened today at $73.68 a barrel.

Thus, world oil prices continued to plummet today after a sharp drop of 5% in yesterday's trading session.

According to analysts, world oil prices continued to fall as Libya showed signs of reaching an agreement to resolve the dispute. In addition, China's manufacturing purchasing managers' index (PMI) continued to be weaker than expected, falling for the fourth consecutive month to a six-month low, which could increase concerns about China's economic performance.

Domestic gasoline prices today

On September 4, 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:

Domestic gasoline prices on September 4 according to the price list announced by Petrolimex.

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 August 29. Accordingly, the price of diesel oil decreased the most, by 299 VND/liter, followed by RON 95-III gasoline, down 208 VND/liter. Fuel oil decreased by 194 VND/kg, E5 RON 92 gasoline decreased by 92 VND/liter. Kerosene decreased the least, by 84 VND/liter.

Gasoline discount today

Discount prices of petroleum products today, September 4, at some domestic petroleum dealers are as follows:

Pvoil applies discount rates on September 4: Oil discount of VND1,650/liter; RON 95-III gasoline: VND1,550/liter; E5 gasoline: VND1,350/liter. This discount rate is applied at Pvoil Dinh Vu warehouse, Petec An Hai, Cai Lan warehouse.

Tu Luc Petroleum discounts on September 4 as follows: Oil discount: 1,600 VND/liter; RON 95 - III gasoline: 1,500 VND/liter; E5 gasoline: 1,300 VND/liter.

MIPEC gasoline discount on September 4: RON 95 - III discount: 1,400 VND/liter; E5 gasoline: 1,200 VND/liter; oil: 1,600 VND/liter at Mipec warehouse

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. According to current market developments, it is forecasted that in the next price adjustment period, petroleum prices will likely continue to decrease, by about 100-200 VND/liter.

Since the beginning of the year, since the price adjustment session on January 4, gasoline prices have increased 17 times and decreased 17 times. Oil prices have increased 16 times and decreased 18 times.

Source: https://laodong.vn/kinh-doanh/gia-xang-dau-hom-nay-49-dot-ngot-giam-sau-1389027.ldo