Gasoline prices forecast to decrease slightly in the operating period on July 31

According to the Machine Learning model for forecasting gasoline and oil prices of the Vietnam Petroleum Institute (VPI), in the operating period on July 31, retail gasoline prices may only decrease slightly by 0.8 - 0.9% compared to the previous operating period, if the Ministry of Finance - Industry and Trade does not set aside or use the Gasoline and Oil Price Stabilization Fund.

Gasoline prices are forecast to decrease slightly tomorrow afternoon (July 31). Photo: T.Hoa

According to Mr. Doan Tien Quyet, data analyst of VPI, the forecast model shows that the retail price of E5 RON 92 gasoline may only decrease by 170 VND (0.9%) to 19,100 VND/liter, while RON 95-III gasoline may only decrease by 162 VND (0.8%) to 19,538 VND/liter.

VPI's model also forecasts that in this period, oil prices will increase or decrease insignificantly, specifically diesel may increase by 0.3% to 19,179 VND/liter, kerosene may increase by 0.5% to 18,717 VND/liter, while fuel oil may decrease by 0.2% to 15,347 VND/kg, and.

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-ky-dieu-hanh-ngay-31-7-710856.html