Buying and selling gasoline and diesel at Petrolimex fuel stations.
According to Mr. Doan Tien Quyet, a data analyst at VPI, the gasoline price forecasting model, which applies Artificial Neural Network (ANN) and supervised learning algorithms in Machine Learning, predicts that the retail price of E5 RON 92 gasoline could decrease by 79 dong to 19,571 dong/liter, while RON 95-III gasoline could decrease by 82 dong to 20,008 dong/liter.
VPI's model forecasts a slight increase in retail oil prices this period, ranging from 0.3% to 0.8%. Specifically, diesel could increase by 0.3% to 18,886 VND/liter, kerosene by 0.8% to 18,517 VND/liter, and fuel oil by 0.3% to 15,604 VND/kg. VPI predicts that the inter- ministerial committee of Finance and Industry and Trade will continue not to allocate or utilize the Fuel Price Stabilization Fund this period.
On the global market, world oil prices fell by less than 1% on July 15th, with North Sea Brent crude falling 0.7% to $68.71 per barrel; and US West Texas Intermediate (WTI) crude falling 0.7% to $66.52 per barrel.
World oil prices fell after US President Donald Trump set a 50-day deadline for Russia to end the conflict in Ukraine and avoid sanctions. This move eased concerns about the risk of immediate supply disruptions.
Previously, oil prices had risen due to the possibility of US sanctions, but the market reversed course afterward, as the 50-day deadline raised hopes that sanctions could be avoided.
In a note, analysts at ING stated that if the proposed sanctions are implemented, it would completely alter the outlook for the oil market. ING noted that China, India, and Turkey are Russia's largest crude oil customers. These countries would have to weigh the benefits of buying cheap Russian crude against the potential impact on their exports to the United States.
The market is also facing pressure from trade policies. Mr. Trump has announced a 30% tariff on most goods imported from the European Union and Mexico starting August 1st, following similar warnings for other countries. These tariff measures increase the risk of slower economic growth, which could reduce global fuel demand and drive oil prices down.
Meanwhile, data released on July 15th showed that the Chinese economy slowed down in the second quarter of 2025, and the market is bracing for a weaker second half of the year as exports lose momentum, prices continue to fall, and consumer confidence remains low.
Regarding US supply, market sources, citing data from the American Petroleum Institute (API), reported that US oil inventories increased by 839,000 barrels last week. Official US government data on oil inventories will be released on July 16th.
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Source: https://baolaocai.vn/vpi-du-bao-gia-xang-giam-nhe-trong-ky-dieu-hanh-ngay-mai-177-post648905.html
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