Will domestic gasoline prices increase or decrease tomorrow?

According to Mr. Nguyen Xuan Thang, Director of Hai Au Phat Petroleum Retail Enterprise (Lam Dong), if the Ministry of Finance - Industry and Trade does not affect the price stabilization fund, gasoline prices may remain the same or decrease slightly by 100 - 200 VND/liter, while oil prices may decrease by 300 - 500 VND/liter, kg in the new management period. However, Mr. Thang further predicted that it is likely that the management agency will not use this fund, as has been the practice since the beginning of the year.

Meanwhile, according to the gasoline price forecast model of the Vietnam Petroleum Institute (VPI), in the operating session tomorrow, October 24, gasoline prices may decrease from 1.2 - 3.1% if the Ministry of Finance - Industry and Trade does not set aside or use the gasoline price stabilization fund.

Domestic gasoline prices are expected to continue to be adjusted downward tomorrow. (Illustration photo: Government Newspaper).

VPI forecasts that retail gasoline prices in the upcoming adjustment period may decrease by 1.2%, bringing the price of E5 RON92 gasoline to VND19,500/liter, and RON95 gasoline to VND20,714/liter.

Meanwhile, oil prices may be adjusted down slightly by 1.8 - 3.1%, of which diesel oil will decrease the most by about 3.1%, equivalent to 562 VND to 17,758 VND/liter. Fuel oil may decrease by 2% to 15,776 VND/kg, and kerosene may decrease by 1.8% to 18,286 VND/liter.

VPI also forecasts 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 recent adjustment period on October 17, the price of E5 RON92 gasoline decreased by 116 VND/liter, not higher than 19,730 VND/liter. The price of RON95 gasoline decreased by 99 VND/liter, not higher than 20,962 VND/liter.

Diesel price decreased by 179 VND/liter, to 18,321 VND/liter. Kerosene price decreased by 163 VND/liter, not higher than 18,627 VND/liter. Only fuel oil price increased by 179 VND/kg, to 16,090 VND/kg.

During this period, the regulatory agency continued not to set aside or use the price stabilization fund for all commodities. Thus, since the regulatory period on January 4, gasoline prices have increased 20 times and decreased 21 times, while oil prices have increased 18 times and decreased 23 times.

PHAM DUY

Source: https://vtcnews.vn/gia-xang-dau-trong-nuoc-ngay-mai-tang-hay-giam-ar903319.html