VPI forecasts gasoline prices to decrease slightly in the operating period tomorrow, July 17

Buy and sell gasoline and oil at Petrolimex gasoline and oil business points.

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 predicts that the retail price of E5 RON 92 gasoline may decrease by 79 VND to 19,571 VND/liter, while RON 95-III gasoline may decrease by 82 VND to 20,008 VND/liter.

VPI's model forecasts that retail oil prices will increase slightly this period from 0.3 - 0.8%, specifically diesel may increase by 0.3% to VND18,886/liter, kerosene may increase by 0.8% to VND18,517/liter, and fuel oil is forecast to increase by 0.3% to VND15,604/kg. VPI forecasts that the Ministry of Finance - Industry and Trade will continue not to set aside or use the Petroleum Price Stabilization Fund this period.

In the world market, world oil prices decreased by less than 1% in the session on July 15, of which, North Sea Brent oil price decreased by 0.7% to 68.71 USD/barrel; US light sweet crude oil price (WTI) decreased by 0.7% to 66.52 USD/barrel.

Oil prices fell after US President Donald Trump gave Russia a 50-day deadline to end the conflict in Ukraine and avoid sanctions, easing concerns about a potential supply disruption in the near future.

Oil prices had earlier risen on the possibility of US sanctions, but the market turned around later, as the 50-day deadline raised hopes that sanctions could be avoided.

In a note, analysts at ING said that if the proposed sanctions were implemented, it would radically change the outlook for the oil market. ING said that China, India and Türkiye are the largest buyers of Russian crude. These countries would have to weigh the benefits of buying cheap Russian crude against the impact on their exports to the US.

The market is also facing pressure from trade policies. Mr. Trump has announced that he will impose a 30% tariff on most imports from the European Union and Mexico starting August 1, following similar warnings for other countries. The tariffs raise the risk of slowing economic growth, which could reduce global fuel demand and push down oil prices.

Meanwhile, data released on July 15 showed China's economy slowed in the second quarter of 2025, and the market is bracing for a weaker second half as exports lose momentum, prices continue to fall and consumer confidence remains low.

On the supply side in the US, market sources cited data from the American Petroleum Institute (API) saying that US crude oil inventories rose by 839,000 barrels last week. Official US government data on oil reserves will be released on July 16.

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Source: https://baolaocai.vn/vpi-du-bao-gia-xang-giam-nhe-trong-ky-dieu-hanh-ngay-mai-177-post648905.html