Global oil markets opened July with a modest pullback as prices hover in a narrow range. Brent crude sits at 72.13 USD per barrel and WTI at 68.24 USD per barrel. The data snapshot also records historical levels for reference: Brent Previous day 72.13, 7 days ago 73.52, 30 days ago 93.09; WTI Previous day 68.78, 7 days ago 70.19, 30 days ago 90.54. The near term tone remains cautious as supply dynamics balance with demand signals, contributing to restrained moves in the downstream fuel market.
On the domestic side, price formation shows clear regional dispersion across six listed products. Diesel Oil 0.001S-V is priced at 23,270 VND per liter in Region 1 and 23,730 VND per liter in Region 2; Diesel Oil 0.05S-II sits at 21,170 VND in Region 1 and 21,590 VND in Region 2; Gasoline E5 RON 92-II is 19,730 VND in Region 1 and 20,120 VND in Region 2; Kerosene 2-K is 20,960 VND in Region 1 and 21,370 VND in Region 2; Gasoline E10 RON 95-III is 20,410 VND in Region 1 and 20,810 VND in Region 2; Gasoline E10 RON 95-V is 21,610 VND in Region 1 and 22,040 VND in Region 2. The data shows Region 2 carrying a consistent premium across all fuels, reflecting distribution costs or local pricing factors.
Across the board, Region 2 prices are higher than Region 1 by roughly 390 to 460 VND per liter. The largest spread appears with the diesel and high octane variants, underscoring how regional pricing influences consumer receipts at the pump. Overall domestic price bands for these fuels sit in the broad range of roughly 19k to 22k VND per liter depending on product and region.
Market news over the last 24 hours highlights a generally softening trend in both domestic and global markets. Across outlets, there are reports of a gentle decline in local fuel prices on 6 July and a pullback in global crude as markets reassess supply and demand dynamics. Brent remains near 72 USD per barrel while domestic headlines point to a mix of stable pricing in some categories and localized declines in others, with E10 and RON variants featuring prominently in daily updates as the week begins.
