Speaking with Lao Dong, a petroleum business in Hanoi said that if management agencies do not allocate or spend the price stabilization fund, gasoline prices are forecast to decrease by 100 - 250 VND/liter, and oil prices will decrease by 80 - 300 VND/liter or kilogram.
Meanwhile, the gasoline price forecast model of the Vietnam Petroleum Institute (VPI) shows that in the operating period tomorrow, November 14, gasoline prices may decrease by 0.5 - 2%.
VPI forecasts that the retail price of E5RON92 gasoline may decrease by VND101, equivalent to 0.5%, to VND19,639/liter, while RON95 gasoline may decrease by VND183, equivalent to 0.9%, to VND20,667/liter. Meanwhile, the price of fuel oil may decrease by 2% to VND16,057/kg, diesel oil is forecast to decrease by 1.4% to VND19,079/liter, and kerosene may decrease by 1.1% to VND19,079/liter.
VPI also believes that the joint Ministry of Finance - Industry and Trade this time will continue not to set aside or use the Petroleum Price Stabilization Fund.
In the operating period on November 7, the price of E5RON92 gasoline increased by 336 VND/liter, not higher than 19,744 VND/liter; the price of RON95 gasoline increased by 351 VND/liter, not higher than 20,854 VND/liter.
Meanwhile, the prices of many types of oil also increased: diesel price increased by 769 VND/liter, up to 18,917 VND/liter; kerosene price increased by 461 VND/liter, up to 19,294 VND/liter. In contrast, fuel oil price decreased by 67 VND/kg, not higher than 16,394 VND/kg.
