Gasoline prices are forecast to decrease slightly, oil prices to increase in the afternoon of July 24.

According to the gasoline and oil price forecast model of the Vietnam Petroleum Institute (VPI), in the operating period on July 24, retail gasoline prices may decrease slightly by 0.8%, while oil prices may increase by 0.8-2%.

Gasoline and oil prices are forecast to have opposite fluctuations on the afternoon of July 24. Illustrative photo

According to Mr. Doan Tien Quyet, data analyst of VPI, the retail price of E5 RON 92 gasoline is forecasted to decrease by 160 VND to 19,320 VND/liter, while RON 95-III gasoline may decrease by 162 VND to 19,758 VND/liter.

Meanwhile, retail oil prices this period increased slightly from 0.8-2%, specifically diesel oil may increase by 374 VND (2%) to 19,164 VND/liter, kerosene may increase by 1.1% to 18,624 VND/liter, and mazut oil is forecast to increase by 0.8% to 15,343 VND/kg.

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

Source: https://hanoimoi.vn/du-bao-gia-xang-giam-nhe-gia-dau-tang-trong-chieu-24-7-710129.html