Global oil benchmarks are firmer, with Brent at 76.24 USD per barrel and WTI at 72.45 USD per barrel. Brent traded at 72.19 USD on the Previous day, 71.15 USD seven days ago, and 94.37 USD thirty days ago, while WTI traded at 68.81 USD on the Previous day, 68.03 USD seven days ago, and 91.40 USD thirty days ago. The current levels reflect ongoing sensitivity to geopolitical developments around the Hormuz Strait and related supply risk narratives, suggesting that near term volatility may persist even as fundamentals remain mixed.
Domestic retail prices in the two regional zones show clear differentials across all fuel categories. The listed prices (in dong per liter) are as follows: Diesel 0.001S-V Region 1 23,270; Region 2 23,730. Diesel 0.05S-II Region 1 21,170; Region 2 21,590. Gasoline E5 RON 92-II Region 1 19,730; Region 2 20,120. Kerosene 2-K Region 1 20,960; Region 2 21,370. Gasoline E10 RON 95-III Region 1 20,410; Region 2 20,810. Gasoline E10 RON 95-V Region 1 21,610; Region 2 22,040. Unit: dong per liter.
Across the domestic market the Region 2 prices are consistently higher than Region 1 by roughly 390 to 460 dong per liter for the listed products, creating a notable regional premium. The widest gap appears in Diesel 0.001S-V at 460 dong and in Gasoline E10 RON 95-V at 430 dong, while the premium for mid grade fuels such as E5 RON 92-II sits around 390 dong. These differentials highlight regional pricing dynamics that traders and consumers should monitor as international crude prices move on geopolitical headlines and supply expectations.
Over the past 24 hours, market news underscores a cautious sentiment in the oil complex. Headlines indicate price momentum driven by rising crude after geopolitical events near the Hormuz Strait and reports of actions affecting Iran related oil supply. Analysts note that WTI and Brent have edged higher in response to these developments, while the domestic market may continue to adjust in response to international moves and evolving sentiment around sanctions and export permissions. In sum, the combination of international crude strength and regional price differentials suggests a cautious, potentially persistent volatility ahead for the fuel market.
