Tomorrow, gasoline prices are expected to decrease, oil prices may increase

Gasoline prices in the operating period tomorrow, July 24, are forecast to increase and decrease in opposite directions, in which gasoline prices may decrease while oil prices increase in the opposite direction.

In response to the world oil price developments last week, representatives of some petroleum retail enterprises predicted that gasoline prices could decrease by 150-200 VND/liter, while oil prices could increase by up to 400 VND/liter. This level does not include the petroleum price stabilization fund.

Meanwhile, the gasoline price forecast model of the Vietnam Petroleum Institute (VPI) shows that, in the operating period on July 24, retail gasoline prices may decrease slightly by 0.8%, while oil prices may increase by 0.8-2% if the Ministry of Finance and the Ministry of Industry and Trade do not set aside or use the price stabilization fund.

Tomorrow's gasoline prices are expected to increase and decrease in opposite directions (Illustration: Cong Hieu)

Accordingly, VPI forecasts that the retail price of E5 RON92 gasoline may decrease by VND160 to VND19,320/liter, while RON95 gasoline may decrease by VND162 to VND19,758/liter.

Meanwhile, VPI forecasts that retail oil prices will increase slightly this period from 0.8-2%. Specifically, diesel may increase by 374 VND (2%) to 19,164 VND/liter, kerosene may increase by 1.1% to 18,624 VND/liter, and fuel oil is forecast to increase by 0.8% to 15,343 VND/kg.

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

Previously, in the operating period on July 17, the price of E5 RON92 gasoline decreased by 178 VND/liter, not higher than 19,481 VND/liter. The price of RON95 gasoline decreased by 165 VND/liter, not higher than 19,925 VND/liter.

Oil prices fluctuated. Specifically, diesel prices decreased by VND38/liter, to VND18,799/liter. Fuel oil prices decreased by VND85/kg, not higher than VND15,478/kg. Kerosene prices alone increased by VND58/liter, not higher than VND18,429/liter.

Since the beginning of 2025, domestic gasoline prices have undergone 28 adjustment sessions, including 11 decreases, 12 increases and 5 opposite sessions.

Source: https://baolangson.vn/ngay-mai-gia-xang-du-bao-giam-gia-dau-co-the-tang-5053969.html