Forecast of oil prices to decrease this afternoon

Thạch Lam |

It is forecasted that in the operating period this afternoon, October 9, 2025, retail gasoline prices may decrease sharply by 2.5-4.8% compared to the previous operating period.

The gasoline price forecasting model using machine Learning of the Vietnam Petroleum Institute (VPI) shows that in the operating period on October 9, 2025, retail gasoline prices may decrease sharply by 2.5-4.8% compared to the previous operating period, if the Ministry of Finance - Industry and Trade does not set aside or use the Petroleum Price Stabilization Fund.

According to Mr. Doan Tien Quyet, data analysis expert of VPI, retail price of E5 RON 92 gasoline may decrease by 706 VND (3.6%) to 18,904 VND/liter, while RON 95-III gasoline may decrease by 685 VND (3.4%) to 19,475 VND/liter.

VPI's model also predicts that retail oil prices will tend to decrease during this period. Accordingly, diesel prices may decrease by 2.5% to VND 18,184/liter, kerosene may decrease by 3.5% to VND 17,968/liter, and mazut may decrease by 4.8% to VND 14,470/kg. VPI forecasts that the Ministry of Finance - Industry and Trade will continue not to set aside or use the Petroleum Price Stabilization Fund this period.

According to a representative of a petroleum business, domestic petroleum prices will fluctuate according to the world petroleum situation. According to current market developments, it is forecasted that in the next price adjustment period, retail prices of gasoline may decrease.

In particular, the price of RON 95-III gasoline is forecast to decrease by about 550 VND/liter; E5 RON 92-II gasoline decreases by about 540 VND/liter; Diesel oil decreases by about 450 VND/liter.

In the recent adjustment session (October 2), the price of E5 RON 92 gasoline increased by 6 VND, at 19,624 VND/liter. RON 95-III gasoline price increased by 44 VND/liter, at 20,209 VND/liter.

Prices of oil products increased simultaneously. Of which, diesel 0.05S is priced at VND19,538/liter (up VND380/liter); kerosene has a new price of VND19005/liter (up VND377/liter); mazut is priced at VND15,370/kg (up VND161/kg).

Thạch Lam
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