24h Economy: Gasoline prices may continue to fall sharply

Phương Anh |

Gasoline prices may continue to fall sharply; More than 200 households in Lam Dong lost 161 tons of durian after storm No. 3... are notable economic news in the past 24 hours.

Gasoline prices may continue to fall sharply

According to analysts, world oil prices continue to decline in the context of trade negotiations being delayed before the deadline.

For the domestic market, Mr. Doan Tien Quyet, data analysis expert of VPI - predicted that the retail price of E5 RON 92 gasoline may decrease by 160 VND to 19,320 VND/liter, while RON 95-III gasoline may decrease by 162 VND to 19,758 VND/liter.

Du bao trong phien dieu hanh chieu nay, gia xang se tiep tuc giam. Anh: Hai Nguyen
It is forecasted that in this afternoon's operating session, gasoline prices will continue to decrease. Photo: Hai Nguyen

Meanwhile, VPI's model predicts retail oil prices this period will increase slightly by 0.8-2%. Diesel may increase by 374 VND (2%) to 19,164 VND/liter, kerosene may increase by 1.1% to 18,624 VND/liter, and mazut is forecast to increase by 0.8% to 15,343 VND/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. See more...

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More than 200 households in Lam Dong lost 161 tons of durian after storm No. 3

On the afternoon of July 23, Mr. Hong Viet Trung - Chairman of the People's Committee of Bao Lam 3 commune - said that due to the impact of storm No. 3, in recent days, the weather in the area has been complicated, with frequent heavy rain accompanied by thunderstorms and strong gusts of wind.

The storm caused the roofs of two houses in village 10 to be blown off. The local government has mobilized police forces, militia and youth unions to support people in re-roofing their houses, helping to stabilize their lives.

A low-voltage power pole that was broken and another power pole that had fallen trees were also fixed. Landslides occurred on the inter-village road from village 1 to village 10, causing difficulties in traveling.

Bao so 3 gay mua lon, dong loc, khien sau rieng rung hang loat o xa Bao Lam 3 (Lam Dong). Anh: Lam Hong
Storm No. 3 caused heavy rain and thunderstorms, causing durian to fall in large numbers in Bao Lam 3 commune (Lam Dong). Photo: Lam Hong

The People's Committee of Bao Lam 3 commune has directed the Economic Department to coordinate with the Commune Police and the Commune Military Command to urgently overcome the situation, ensuring safe traffic for the people.

In particular, heavy rain and thunderstorms have caused 108 durian trees that were being harvested to be uprooted and broken. It is estimated that about 161 tons of durian from more than 200 households were dumped, causing a loss of about 4.8 billion VND. See more...

Strong cash flow into stocks

After unblocking the 1,500-point bottleneck, investor sentiment was more excited and confident in investing, helping the VN-Index open the trading session on July 23 to increase by more than 10 points. However, many investors who want to make a profit should sell, causing pressure on the VN-Index to cool down and retreat closer to the reference.

Nha dau tu noi dang giai ngan manh tren thi truong chung khoan. Anh: Le Toan
Domestic investors are disbursing strongly in the stock market. Photo: Le Toan

However, in the current market context, along with the positive information about tariff negotiations between the US and major trading partners being published, the cash flow entering the market helps the VN-Index regain its upward momentum. When people expected the VN-Index to fly even higher, even reaching 1,530 points, this index suddenly turned around and decreased sharply in terms of reference.

This expectation failed due to the pressure of the group of stocks Vingroup when all 3 codes VHM, VRE, VIC had the strongest decrease in the VN30 group. The positive point is that the VN-Index still maintains its green color with strong liquidity increase. See more...

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It is forecasted that in the operating session tomorrow afternoon (July 24), gasoline prices will continue to decrease.

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