According to Mr. Doan Tien Quyet, data analysis expert of VPI, the gasoline price forecasting model applying the Artificial Neural Network (ANN) model and the supervised learning algorithm in Machine Learning of VPI forecasts that the retail price of E5 RON 92 gasoline may increase by 660 VND (3.2%) to 21,290 VND/liter, while RON 95-III gasoline may increase by 595 VND (2.8%) to 21,835 VND/liter.
VPI's model predicts that retail oil prices this period will also follow an upward trend, with kerosene likely to increase by 4.3% to VND19,734/liter, followed by diesel which may increase by 3.9% to VND19,897/liter, while fuel oil is forecast to increase only slightly by 0.5% to VND17,728/kg. VPI predicts that the Ministry of Finance and Industry and Trade will continue not to set aside or use the Petroleum Price Stabilization Fund this period.
In the world market, oil prices in the June 24 session fell to the lowest level in two weeks, in which Brent crude oil futures fell 6.1% to 67.14 USD/barrel; US light sweet crude oil (WTI) also fell 6% to 64.37 USD/barrel.
World oil prices plunged on hopes that a ceasefire agreement between Israel and Iran would reduce the risk of disruption to oil supplies in the Middle East. However, this ceasefire agreement is quite fragile when US President Donald Trump accused both Israel and Iran of violating the agreement just hours after the agreement was announced. Earlier in the session on June 23, both oil contracts fell more than 7%.
Meanwhile, on the afternoon of June 22, Vietnam time, the price of Brent crude oil futures and the price of US light sweet crude oil (WTI) reached 81.40 USD/barrel and 78.40 USD/barrel, reaching their highest levels in 5 months when Iran planned to close the Strait of Hormuz, which is the transit point for about 20% of the global crude oil supply, in retaliation for the US bombing.
Sugandha Sachdeva, founder of New Delhi-based research firm SS WealthStreet, said the geopolitical escalation is a fundamental catalyst for Brent crude to move higher and potentially surge to $100 a barrel, or even $120. In a recent report, investment bank Goldman Sachs said Brent crude could peak at $110 a barrel if oil flows through the vital waterway halved in a month and remained down 10% for the next 11 months.
Source: https://doanhnghiepvn.vn/kinh-te/vpi-du-bao-gia-xang-van-duy-tri-da-tang-trong-ky-dieu-hanh-ngay-mai-26-6/20250625093157226
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