Gasoline prices are expected to decrease slightly tomorrow afternoon (July 17)

According to the Machine Learning model for forecasting gasoline and oil prices of the Vietnam Petroleum Institute (VPI), in the operating period on July 17, retail gasoline prices may decrease slightly by 0.4% 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.

Gasoline prices are expected to decrease slightly tomorrow afternoon (July 17). Photo: BH

According to Mr. Doan Tien Quyet, data analyst of VPI, the retail price of E5 RON 92 gasoline is forecasted to decrease by 79 VND to 19,571 VND/liter, while RON 95-III gasoline may decrease by 82 VND to 20,008 VND/liter.

VPI's model forecasts that retail oil prices this period will increase slightly from 0.3-0.8%. Specifically, diesel may increase by 0.3% to VND18,886/liter, kerosene may increase by 0.8% to VND18,517/liter, and fuel oil is forecast to increase by 0.3% to VND15,604/kg.

VPI predicts 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 period.

Source: https://hanoimoi.vn/du-bao-gia-xang-giam-nhe-trong-chieu-mai-17-7-709243.html