The Vietnam Petroleum Institute's (VPI) Machine Learning-based gasoline price forecasting model shows that in the November 27 adjustment period, retail gasoline prices will decrease by 3.8-4% compared to the previous adjustment period, if the Ministry of Finance and Industry and Trade does not set aside or use the Petroleum Price Stabilization Fund.
According to Mr. Doan Tien Quyet, data analysis expert of VPI, the gasoline price forecasting model applying artificial neural network (ANN) model and supervised learning algorithm in VPI's machine learning forecasts that the retail price of E5 RON 92 gasoline will be stable or may decrease by 794 VND (4%) to 19,006 VND/liter, while RON 95-III gasoline is also forecast to decrease by 781 VND (3.8%) to 19,759 VND/liter.
VPI's model forecasts that in this period, the price of fuel oil may continue to decrease by 276 VND (2%) to 13,454 VND/kg, while the price of diesel and kerosene may decrease by 0.7% to 19,677 VND/liter and 20,138 VND/liter, respectively. VPI forecasts that the Ministry of Finance and Industry and Trade will continue not to set aside or use the Petroleum Price Stabilization Fund this period.
Source: https://baohaiphong.vn/du-bao-gia-xang-giam-trong-ky-dieu-hanh-ngay-27-11-527752.html
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