Gasoline price forecast to decrease by nearly 300 VND/liter on October 23

In the operating period on October 23, retail gasoline prices may decrease by 1.3-1.5% compared to the previous operating period, if the Ministry of Finance and the Ministry of Industry and Trade do not set aside or use the Petroleum Price Stabilization Fund.

Gasoline and oil prices are forecast to decrease on October 23. Photo: T.Hoa

According to the Machine Learning-based gasoline and oil price forecasting model of the Vietnam Petroleum Institute (VPI), in the operating period on October 23, retail gasoline prices may decrease by 1.3-1.5% while oil prices may decrease sharply by 2.6-4.5% compared to the previous operating period, if the Ministry of Finance and 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 retail price of E5 RON 92 gasoline is forecasted to decrease by VND288 (1.5%) to VND18,932/liter, while RON 95-III gasoline may decrease by VND261 (1.5%) to VND19,639/liter.

VPI's model forecasts that in this period, diesel prices may drop sharply by 4.5% to VND17,591/liter, fuel oil may drop by 3.9% to VND14,148/kg, and kerosene prices may drop by 2.6% to VND17,922/liter.

In addition, the Ministry of Finance and the Ministry of Industry and Trade may continue not to set aside or use the Petroleum Price Stabilization Fund this time.

Source: https://hanoimoi.vn/du-bao-gia-xang-giam-gan-300-dong-lit-trong-ngay-23-10-720500.html