Gasoline prices may increase by about 500 VND/liter in tomorrow's adjustment period.

Specifically, many representatives of petroleum enterprises said that if the management agency does not use the price stabilization fund, the price of gasoline could increase by about 400 - 550 VND/liter, and the price of oil could increase by 300 - 500 VND/liter or kg.

Meanwhile, according to the gasoline price forecast model of the Vietnam Petroleum Institute (VPI), in the next adjustment period, gasoline prices may increase by 1.8%, while oil prices may increase by 1.5 - 2% if the Ministry of Finance and the Ministry of Industry and Trade do not set aside or use the gasoline price stabilization fund.

Gasoline prices tomorrow, December 19, are expected to increase. (Illustration: Minh Duc).

Specifically, VPI forecasts that the retail price of E5 RON92 gasoline may increase by VND352 to VND20,212/liter, while RON95 gasoline may increase by VND369 to VND20,959/liter.

VPI's model also forecasts that retail oil prices this period will tend to increase by 1.5 - 2%, of which fuel oil may increase by 1.5% to VND15,803/kg, kerosene is forecast to increase by 1.6% to VND18,866/liter, and diesel may increase by 2% to VND18,619/liter.

VPI predicts that the Ministry of Finance and Industry and Trade will continue not to set aside or use the gasoline price stabilization fund this time.

In the operating period on December 12, the price of E5 RON92 gasoline decreased by 3 VND/liter, not higher than 19,861 VND/liter; in contrast, the price of RON95 gasoline increased by 33 VND/liter, not higher than 20,596 VND/liter.

Meanwhile, the prices of all types of oil decreased. Diesel oil price decreased by 127 VND/liter, not higher than 18,255 VND/liter. Kerosene price decreased by 251 VND/liter, not higher than 18,566 VND/liter and fuel oil price decreased by 551 VND/kg, not higher than 15,574 VND/kg.

PHAM DUY

Source: https://vtcnews.vn/gasoline-price-may-increase-by-about-500-dong-liters-trong-ky-dieu-hanh-ngay-mai-ar914468.html