Gasoline and oil prices are forecast to increase slightly tomorrow.

According to the gasoline and oil price forecast model of the Vietnam Petroleum Institute (VPI), in the operating period on October 2, retail gasoline and oil prices may continue to increase by 0.7-2.8% compared to the previous operating period.

Two popular gasoline products on the market are expected to see a slight increase in retail prices tomorrow afternoon (October 2). Photo: N. Ha

According to VPI's data analysis expert, the gasoline price forecasting model applying artificial neural network model and supervised learning algorithm of VPI forecasts that the retail price of E5 RON 92 gasoline may increase by 157 VND (0.8%) to 19,767 VND/liter, while RON 95-III gasoline may increase by 133 VND (0.7%) to 20,293 VND/liter.

VPI's model forecasts that retail oil prices will continue to increase this period. Specifically, kerosene prices may increase by 2.8% to VND19,141/liter, diesel may increase by 2.6% to VND19,135/liter, and fuel oil may increase by 2.5% to VND15,580/kg.

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

At the executive session on the afternoon of September 25, the Ministry of Industry and Trade and the Ministry of Finance decided not to set aside or use the Gasoline and Oil Price Stabilization Fund for E5RON92 gasoline, RON95 gasoline, diesel oil, kerosene and fuel oil.

With the above decision, the retail price of both gasoline products decreased, in which the price of RON 95-III gasoline decreased the most, by 443 VND/liter. E5RON92 gasoline and diesel also decreased but at a lower level.

Source: https://hanoimoi.vn/du-bao-gia-xang-dau-tang-nhe-trong-ngay-mai-718026.html