Gasoline prices forecast to reverse and increase by 1.2 - 1.9%

VPI forecasts that gasoline prices will reverse and increase by 225 - 374 VND/liter in this week's price adjustment period.
Illustration: T.Hoa

The Vietnam Petroleum Institute's (VPI) Machine Learning-based gasoline price forecasting model shows that, in the operating period on May 15, retail gasoline prices may reverse and increase by 1.2 - 1.9% if the Ministry of Finance and the Ministry of Industry and Trade do not set aside or use the Gasoline and Oil Price Stabilization Fund.

According to Mr. Doan Tien Quyet, data analyst of VPI, the model forecasts that the retail price of E5 RON 92 gasoline may increase by VND225 (1.2%) to VND18,995/liter, while RON 95-III gasoline may increase by VND374 (1.9%) to VND19,544/liter.

Fuel oil price is forecast to decrease by 326 VND (2.1%) to 15,204 VND/kg, while diesel is forecast to increase by 1% to 16,966 VND/liter, and kerosene may increase slightly, by 0.2% to 16,977 VND/liter.

VPI also forecasts that the Ministry of Finance and the Ministry of Industry and Trade will continue not to set aside or use the Gasoline and Oil Price Stabilization Fund this time.

Source: https://hanoimoi.vn/du-bao-gia-xang-dao-chieu-tang-1-2-1-9-702115.html