Fuel prices today, January 20th: World oil prices rose slightly, RON 95 gasoline price is at 18,712 VND.
Brent and WTI crude oil prices both rose slightly in early week trading as risks from Iran eased. In the Vietnamese market, RON 95 gasoline is currently listed at 18,712 VND/liter.
The international oil market opened the new trading week slightly higher as concerns about supply in the Middle East temporarily eased. However, the emergence of new geopolitical barriers between the US and Europe is keeping investors cautious.
World oil price movements at the start of the week.
According to data from Oilprice, at the close of trading on January 19th, Brent crude oil prices rose by $0.05 per barrel (equivalent to 0.08%), reaching $64.18 per barrel. At the same time, WTI crude oil prices recorded an increase of $0.09 per barrel (equivalent to 0.15%), rising to $59.43 per barrel.
This steady growth stems from signs of easing geopolitical risks in Iran. According to Reuters, following Iran's measures to control protests, the risk of US military intervention has significantly decreased. In addition, conciliatory statements from US President Donald Trump have helped alleviate pressure regarding potential disruptions to global crude oil supplies.
New factors impacting the market.
Although tensions in Iran have eased, the market is now focusing its attention on the Greenland issue and the relationship between the US and the European Union (EU). Janiv Shah, an analyst at Rystad Energy, believes that a potential trade war between the parties could negatively impact global energy demand.
Increased US pressure to seize control of Greenland from Denmark has forced the EU to plan an emergency summit in Brussels next Thursday. According to Rory Johnston, founder of Commodity Context, although Greenland is not an oil-producing region, this dispute is fueling risk aversion, driving capital flows into safe-haven assets like the Japanese yen and Swiss franc, and putting pressure on the US dollar.
In terms of long-term prospects, Phil Flynn, an expert from Price Futures Group, said that the new report from the International Monetary Fund (IMF) on more optimistic global economic growth in 2026 will be a key supporting factor for future energy demand.
Updated domestic fuel prices today.
In the domestic market, retail prices of petroleum products today, January 20, 2026, are being applied according to the price levels set by the Ministry of Industry and Trade – Ministry of Finance on the afternoon of January 15. Specifically:
| Item | Retail price (VND/liter or kg) | Fluctuation (VND) |
|---|---|---|
| RON 95-III gasoline | 18,712 | +152 |
| E5 RON 92 gasoline | 18,376 | +143 |
| Diesel fuel 0.05S | 17,287 | +226 |
| Oil | 17,697 | +138 |
| Fuel oil 180CST 3.5S | 13,401 | -2 |
During this price adjustment period, the regulatory agency continues to maintain the policy of neither allocating nor utilizing the Price Stabilization Fund for all commodities. Since the beginning of 2026, the Vietnamese petroleum market has undergone a total of 52 price adjustments, closely reflecting the complex developments in the global energy market.
