According to a survey at 8:38 a.m. on September 4, world oil prices decreased simultaneously. WTI crude oil prices fell by 0.34 USD/barrel (down 0.53%), down to 63.63 USD/barrel. Brent oil price decreased by 0.18 USD/barrel (down 0.27%), down to 67.21 USD/barrel.
The gasoline price forecasting model using machine Learning of the Vietnam Petroleum Institute (VPI) shows that in the adjustment period on September 4, retail gasoline prices may only increase slightly by 0.1-1% compared to the previous adjustment 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, the retail price of E5 RON 92 gasoline may increase by 101 VND (0.5%) to 19,871 VND/liter, while RON 95-III gasoline may increase by 31 VND (0.2%) to 20,391 VND/liter.
VPI's model predicts that retail oil prices will be basically stable or only increase slightly during this period, specifically, mazut prices may increase by 1% to VND 15,414/kg, while diesel prices will increase slightly to VND 18,363/liter and kerosene will remain at VND 18,224/liter.
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 increase slightly.
In particular, the price of RON 95 - III gasoline is forecast to increase by about 70 VND/liter; E5 RON 92 - II gasoline increases by about 120 VND/liter; Diesel increases by about 60 VND/liter.
In the adjustment session last week (September 28), the price of E5 RON 92 gasoline increased compared to the previous adjustment period, at VND19771/liter (up VND307/liter). RON 95-III gasoline price increased compared to the previous adjustment period, priced at VND 20,363/liter (up VND 271/liter).
Prices of oil products have also increased simultaneously. Of which, diesel 0.05S is priced at VND 18,357/liter (up VND 452/liter); kerosene has a new price of VND 18,225/liter (up VND 411/liter); mazut is priced at VND 15,260/kg (up VND 144/kg).
