Forecast of gasoline price reduction in the next adjustment session

Information from the Vietnam Commodity Exchange (MXV) shows that green dominated the world raw material price list in yesterday's trading session (December 9). At the close, the MXV-Index increased by 1.1% to 2,212 points.

Notably, the energy sector led the market's gains amid escalating geopolitical tensions and China's recent move to loosen monetary policy. In addition, buying power also dominated the metal market.

According to MXV, in the Middle East, Syrian rebel forces captured the capital Damascus on December 8, marking the end of the government of President Bashar al-Assad backed by Iran and Russia.

Although not a major oil producer, Syria has an important strategic position, making instability here have a strong impact on the regional balance of power and affect the stability of oil flows in the Middle East.

On the demand side, China's Xinhua news agency, citing a summary of a meeting of top officials, reported that the country will adopt a "reasonably loose" monetary policy for the first time in 2025.

This news has raised market expectations of improved oil demand. A senior analyst at Price Futures Group said that China's economic stimulus could also support a surge in commodity prices in the near future.

Although world oil prices increased in the first trading sessions of the week, however, in the last 5 trading sessions, oil prices decreased and remained stable. Therefore, domestic gasoline prices in the next adjustment session (Thursday, December 12) are forecasted to continue to decrease.

In particular, the price of RON 95 gasoline is forecasted to decrease by 100 VND/liter, E5 gasoline to decrease by 70 - 100 VND/liter, and diesel oil to decrease by 150 - 200 VND/liter.

Since the beginning of the year, since the price adjustment session on January 4, gasoline prices have increased 22 times and decreased 26 times. Oil prices have increased 21 times and decreased 27 times.