Domestic retail gasoline prices may decrease by about 270-336 VND. (Photo: Tuan Anh/VNA)
According to the Machine Learning-based gasoline price forecasting model of the Vietnam Petroleum Institute (VPI), in the operating period on December 7, domestic retail gasoline prices may decrease by 1.2-1.9% if the Ministry of Finance and the Ministry of Industry and Trade do not set aside or use the Petroleum Price Stabilization Fund.
Specifically, the model forecasts that domestic retail gasoline prices may decrease by about 270-336 VND, to 21,520 VND/liter for E5 RON 92 gasoline and 22,654 VND/liter for RON 95 gasoline.
Meanwhile, diesel prices are forecast to decrease by 1.8% to VND19,837 per liter; kerosene and fuel oil prices are both expected to decrease by over VND300 to VND20,808 per liter for kerosene and VND15,417 per liter for fuel oil.
In the world market, the decline in oil prices continued to widen from last week's 2% decrease after OPEC+ announced on November 30 a supply cut that was not as expected by the market.
On December 5, world oil prices slid to a nearly five-month low as a strong US dollar and concerns about demand sent the market down for the fourth consecutive day.
Specifically, Brent crude oil futures fell 1.1% to $77.20/barrel; US light sweet crude oil WTI fell 1% to $72.32/barrel. This is the lowest closing price for both types of oil since July 6, 2023. For WTI oil, this is the first time since May 2023 that prices have decreased for four consecutive days.
The world oil market is also waiting for the US to announce oil reserve data on December 6 (US time)./.
According to VNA
Source: https://www.vietnamplus.vn/vpi-du-bao-gia-xang-dau-dong-loat-giam-trong-ky-dieu-hanh-sap-toi-post912048.vnp
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