Forecast, gasoline and oil prices drop sharply by 6.8 - 7.5% on July 3

The Vietnam Petroleum Institute (VPI)'s gasoline and oil price forecast model predicts that in the operating period on July 3, retail gasoline and oil prices may decrease by 6.8 - 7.5%.

Gasoline prices may decrease by over 1,400 VND/liter in the price adjustment period on July 3. Photo: TH

According to VPI data analysts, the retail price of E5 RON 92 gasoline may decrease by VND1,412 (6.9%) to VND19,118 per liter; while RON 95-III gasoline may decrease by VND1,440 (6.8%) to VND19,670 per liter.

VPI's model also forecasts that in this operating period, kerosene prices may decrease by 7.5% to VND17,631/liter; mazut may decrease by 7.2% to VND15,730/kg and diesel may decrease by 7.1% to VND17,977/liter.

VPI forecasts that this period, the Ministry of Finance and Industry and Trade will continue not to set aside or use the Gasoline and Oil Price Stabilization Fund.

Source: https://hanoimoi.vn/du-bao-gia-xang-dau-giam-manh-6-8-7-5-trong-ngay-3-7-707831.html