Gasoline price forecast to increase 0.9% on September 18

The retail price of E5 RON 92 gasoline may increase by VND178 (0.9%) to VND19,928/liter, while RON 95-III gasoline may increase by VND180 (0.9%) to VND20,580/liter.

It is forecasted that the retail prices of both gasoline products will increase slightly from 3 p.m. tomorrow (September 18). Photo: T. Hoa

According to the Machine Learning-based gasoline and oil price forecasting model of the Vietnam Petroleum Institute (VPI), in the September 18 adjustment period, retail gasoline and oil prices may only increase slightly by 0.2-0.9% compared to the previous adjustment period, if the Ministry of Finance and the Ministry of Industry and Trade do not set aside or use the Gasoline and Oil Price Stabilization Fund.

Mr. Doan Tien Quyet, data analyst of VPI, said that according to the forecast model, the retail price of E5 RON 92 gasoline could increase by 178 VND (0.9%) to 19,928 VND/liter, while RON 95-III gasoline could increase by 180 VND (0.9%) to 20,580 VND/liter.

During this period, retail oil prices were basically stable or only increased slightly, specifically diesel prices increased slightly to 18,649 VND/liter, fuel oil prices may only increase by 0.2% to 15,090 VND/kg, kerosene may increase by 0.6% to 18,470 VND/liter.

Source: https://hanoimoi.vn/du-bao-gia-xang-tang-0-9-trong-ngay-18-9-716299.html