Accordingly, if management agencies do not allocate or spend the price stabilization fund, gasoline prices are forecast to decrease by 100 - 250 VND/liter, and oil prices decrease by 80 - 300 VND/liter, kg.
Meanwhile, the Vietnam Petroleum Institute (VPI)'s gasoline price forecast model shows that at the operating session tomorrow, November 14, gasoline prices may decrease by 0.5 - 2%.
Tomorrow's gasoline prices are expected to decrease. (Photo: Minh Duc).
Specifically, VPI forecasts that the retail price of E5 RON92 gasoline may decrease by VND101, equivalent to 0.5%, to VND19,639/liter, while RON95 gasoline may decrease by VND183, equivalent to 0.9%, to VND20,667/liter. Meanwhile, the price of fuel oil may decrease by 2% to VND16,057/kg, diesel oil is forecast to decrease by 1.4% to VND19,079/liter, and kerosene may decrease by 1.1% to VND19,079/liter.
VPI also believes that the Ministry of Finance and Industry and Trade will continue not to set aside or use the Petroleum Price Stabilization Fund this time.
In the operating period on November 7, the price of E5 RON92 gasoline increased by 336 VND/liter, not higher than 19,744 VND/liter; the price of RON95 gasoline increased by 351 VND/liter, not higher than 20,854 VND/liter.
Meanwhile, the prices of many types of oil also increased: diesel price increased by 769 VND/liter, up to 18,917 VND/liter; kerosene price increased by 461 VND/liter, up to 19,294 VND/liter. In contrast, fuel oil price decreased by 67 VND/kg, not higher than 16,394 VND/kg.
In the world market early this morning (November 13), WTI oil price decreased by 0.15 USD, equivalent to 0.22%, to 67.97 USD/barrel. Brent oil price increased by 0.06 USD, equivalent to 0.08%, to 71.89 USD/barrel.
Oil prices held steady as investors digested OPEC's cut in demand growth forecasts, a strong dollar and disappointment over China's latest stimulus plan.
OPEC said global oil demand will grow by 1.82 million barrels per day (bpd) this year, down from its forecast of 1.93 million bpd growth last month. The group also cut its estimate for global demand growth in 2025 to 1.54 million bpd from 1.64 million bpd.
Earlier this month, OPEC and its allies (OPEC+) decided to postpone plans to increase production in December amid falling prices.
Chinese demand remains sluggish, and OPEC’s intervention in supply has not had the desired effect, said Gaurav Sharma, an independent oil analyst in London.
China's economic stimulus measures last weekend were not strong enough to boost economic growth, analysts said, as the US is likely to impose import tariffs of up to 60% on goods exported from China when US President-elect Donald Trump officially takes office.
Source: https://vtcnews.vn/gia-xang-dau-trong-nuoc-ngay-mai-co-the-giam-nhe-ar907058.html
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