Gasoline price forecast in this afternoon's management session

(QNgTV) - It is forecasted that in the price management session this afternoon (August 28), gasoline prices may increase from about 221-487 VND/liter.

Gasoline price forecast in the management session this afternoon (August 28)

According to a survey at 7:45 a.m. this morning (August 28), WTI oil price decreased by 0.05 USD/barrel (down 0.08%), to 63.79 USD/barrel. Brent oil price decreased by 0.07 USD/barrel (down 0.10%), to 67.14 USD/barrel.

According to the Ministry of Industry and Trade , the world oil market in this period (from August 14 to 20) is affected by the following main factors: US crude oil inventories decreased more sharply than forecast; the military conflict between Russia and Ukraine continues. The above factors have caused world oil prices to fluctuate up and down depending on the product in recent days.

Data analysts from the Vietnam Petroleum Institute (VPI) forecast that in this week's price adjustment session, the retail price of E5 RON 92 gasoline may increase by VND487 (2.5%) to VND19,947/liter, while RON 95-III gasoline may increase by VND221 (1.1%) to VND20,311/liter.

VPI's model forecasts that in this period, retail oil prices will continue to decrease, specifically kerosene prices may decrease by 1.6% to VND17,534/liter, diesel may decrease by 1.5% to VND17,632/liter, and fuel oil may decrease by 1.5% to VND15,039/kg.

According to a representative of a petroleum business, domestic petroleum prices will fluctuate according to the world petroleum situation. According to current market developments, it is forecasted that in the next price adjustment period, retail petroleum prices may increase.

Of which, the price of RON 95-III gasoline is forecast to increase by about 340 VND/liter; E5 RON 92-II gasoline will increase by about 370 VND/liter; and Diesel oil will increase by about 500 VND/liter.

Source: https://quangngaitv.vn/du-bao-gia-xang-dau-trong-phien-dieu-hanh-chieu-nay-6506625.html