Gasoline and diesel prices are forecast to decrease slightly tomorrow.

The Vietnam Petroleum Institute (VPI) forecasts that retail gasoline prices will decrease by 1.1-2%, bringing the price of E5 RON 92 gasoline to 19,602 VND/liter and RON 95-III gasoline to 20,409 VND/liter.

Gasoline and diesel prices are forecast to decrease slightly on the afternoon of December 11th. (Illustrative image)

According to VPI's gasoline and diesel price forecasting model, in the price adjustment period of December 11-12, retail gasoline and diesel prices could decrease by 0.3-2% compared to the previous adjustment period, if the inter- ministerial committee of Finance and Industry and Trade does not allocate or utilize the Gasoline and Diesel Price Stabilization Fund.

According to Mr. Doan Tien Quyet, a data analyst at VPI, the retail price of E5 RON 92 gasoline could decrease by 218 VND (1.1%) to 19,602 VND/liter, while RON 95-III gasoline is forecast to decrease by 411 VND (2%) to 20,049 VND/liter.

VPI's model forecasts that during this period, diesel prices may decrease by 1.1% to 18,187 VND/liter, kerosene by 0.9% to 18,716 VND/liter, and fuel oil by 0.3% to 13,390 VND/kg. VPI predicts that the inter-ministerial committee of Finance and Industry and Trade will continue not to allocate or utilize the Fuel Price Stabilization Fund this period.

In the previous fuel price adjustment (December 7th), RON95-III gasoline saw the sharpest price reduction of 668 VND/liter. E5RON92 gasoline decreased by 509 VND/liter. Diesel, kerosene, and fuel oil all saw retail price reductions.

Source: https://hanoimoi.vn/du-bao-gia-xang-dau-cung-giam-nhe-trong-ngay-mai-726306.html