(Dan Tri) - Gasoline prices in the first adjustment period of 2025 are forecast to increase by about 50-250 VND/liter.
According to plan, the Ministry of Industry and Trade and the Ministry of Finance will adjust retail gasoline prices periodically tomorrow (January 2).
The leader of a major petroleum distribution enterprise in the South said that after the previous adjustment period, crude oil prices increased and remained high due to increased export demand and colder weather.
On December 30, 2024, the price of imported gasoline in the Singapore market was at 84.54 USD/barrel for RON 95 gasoline, an increase of more than 1 USD/barrel compared to 7 days ago; RON 92 gasoline was at 81.29 USD/barrel, an increase of nearly 1 USD/barrel. Therefore, it is likely that domestic gasoline prices will increase in tomorrow's adjustment period.
Specifically, gasoline prices are expected to increase by about 150-250 VND/liter. Similarly, diesel may increase slightly by about 50-100 VND/liter. In case the Ministry of Industry and Trade and the Ministry of Finance jointly spend the Price Stabilization Fund, gasoline prices may increase slightly.
In addition, the owner of a petroleum distribution business in the North also predicted that gasoline prices will rebound in the first operating period of 2025. The gasoline discount on December 31, 2024 at many warehouses fluctuates around 1,000-1,200 VND/liter.
If forecasts are correct, domestic RON 95 gasoline prices will rebound after just one session of decline. Currently, this fuel price is still at its lowest level in more than 3 years, equivalent to June 2021. Since the beginning of the year, gasoline has increased 24 times and decreased 27 times. Diesel has increased 22 times and decreased 28 times.
The room for the petroleum price stabilization fund of some key enterprises still recorded a large positive level due to many operating periods without using the fund. The fund balance as of the end of the second quarter was VND 6,061 billion, down VND 18 billion compared to the previous quarter and the fifth consecutive quarter of decline. Compared to the end of 2023, the fund balance decreased by nearly VND 600 billion.
In the most recent adjustment period on December 26, 2024, the adjustment agency decided to reduce the price of E5 RON 92 gasoline by VND 430/liter to VND 19,810/liter; RON 95 gasoline by VND 460/liter to VND 20,540/liter. Similarly, the price of diesel oil decreased by VND 100/liter to VND 18,630/liter; kerosene decreased by VND 260/liter to VND 18,700/liter; meanwhile, fuel oil increased by VND 70/kg to VND 15,970/kg.
In the world market, recently, world crude oil prices increased as investors bet on temperatures falling across the US and Europe in the coming weeks to boost diesel demand, according to Reuters .
Investors are also awaiting the results of China's manufacturing purchasing managers' index (PMI) survey and the US monthly index of economic activity (ISM), to gauge the economic health of the top oil consuming nations.
According to Trading Economics data, at 3:30 p.m. on December 31, 2024, WTI oil price was trading at 71.46 USD/barrel, up 1.23% compared to last week; similarly, Brent oil was also at 74.43 USD/barrel, up 0.92%.
Source: https://dantri.com.vn/kinh-doanh/du-bao-bat-ngo-ve-gia-xang-trong-ky-dieu-chinh-dau-nam-2025-20241231151111735.htm
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