Gasoline and oil prices are forecast to drop sharply by 6.8 - 7.5% on July 3.

The Vietnam Petroleum Institute (VPI)'s gasoline and oil price forecast model predicts that in the operating period on July 3, retail gasoline and oil prices may decrease by 6.8 - 7.5%.

Gasoline prices may decrease by over 1,400 VND/liter in the price adjustment period on July 3. Photo: TH

According to VPI data analysts, the retail price of E5 RON 92 gasoline may decrease by VND1,412 (6.9%) to VND19,118 per liter; while RON 95-III gasoline may decrease by VND1,440 (6.8%) to VND19,670 per liter.

VPI's model also forecasts that in this operating period, kerosene prices may decrease by 7.5% to VND17,631/liter; mazut may decrease by 7.2% to VND15,730/kg and diesel may decrease by 7.1% to VND17,977/liter.

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-xang-dau-giam-manh-6-8-7-5-trong-ngay-3-7-707831.html