HA NOI (Biz Hub)— Domestic retail gas prices increased by VND12,000 (US$0.57) per 12-kg canister on Saturday, according to wholesalers.
It is reported that the hike occurred because of higher world gas prices.
The current prices range from VND398,000-400,000 ($18.9-19) per 12-kg canister. This is the fourth consecutive gas price hike since May with total increase of VND34,000 ($1.6) per canister. Earlier in the year, there were four consecutive price cuts.
The current price remains VND42.000 VND ($2) per canister lower than at the end of 2012. — VNS
The Vietnamese Ministry of Finance has decided to slash gas import taxes to zero percent from a previous 5% beginning from March 2.Gas prices have consecutively increased in recent months The ministry requested gas traders nationwide to immediately lower retail prices following the tax reduction. Departments of finance in cities and provinces under the direct management of the central Government were told to oversee the ministry’s request to better regulate the market. Any gas trader who fails to comply with the price cutting requirement will have to face strict penalties. On March 1, retail gas prices increased to VND477,000 (USD22.85)…... [read more]
Nguyen Thi Ngoc Thuy, director of the household appliances section atdienmay.com, said "since the middle of last year, demand for thesestoves has increased." In November sales was month-on-month up by 5-7percent, she said. A marketing staff from Thien HoaElectronic Centre in the southern hub also told Viet Nam News that hischain sold an increasing number of induction and infrared stoves. An article on a Ministry of Transport website quoted the head ofmarketing of online seller www.chodientu.vn as saying that electricstoves now accounted for 30 percent of all sales. There are many kinds of induction and infrared stoves, both imported andmade…... [read more]
HCM CITY — The retail price of a 12kg canister of cooking gas in HCM City dropped sharply by VND31,000 (US$1.38) on January 1, or VND20,000 ($0.9) lower than the same period last year.The major gas distributors in the southern region are now selling 12kg cooking gas canisters for VND275,000 ($12.20) to VND280,000 ($12.40) after they announced the price cut on December 31.Head of Saigon Petro Company's Trade Department Tran Van Phúc said the reduction followed the fall in world gas prices by $100 to $367 per tonne for January 2016.Over the last four months, the price of cooking gas…... [read more]
Gas retailers in HCM city said gas prices will be raised slightly by VND 1,500 per 12kg canister as of today.The increase is because the world price of imported gas rises from March, 2016 at US$ 5 per ton, from US$ 300 to US$ 305 against the previous month.Accordingly, Saigon Petro's gas prices rose by VND 125 per kg (included VAT), equal to VND 1,500 per 12 kg canister compared to last month. Retail prices will be VND 258,500 per 12 kg canisterD.Thuy -Translated by L.Tran... [read more]
The price of gas continued to rise with a hike of VND28,000 (US$1.12) for a 12 kg canister of cooking gas with effect from February 1.Accordingly, retail price for consumers will increase to VND360,000-390,000 per 12kg canister. The price of 30kg and 45kg canisters will increase to VND1.3 million and VND1.45 million, respectively.Gas traders explained that the latest hike was on account of the $90 per tonne increase in the world gas price this month over the previous month’s level, taking it to $555 per tonne. The price of the domestic gas had to be adjusted in accordance with the…... [read more]
The price of gas in HCM City and the southern provinces spiked by VND27,000 (US$1.18) for a 12kg canister of cooking gas with effect from August 1.Accordingly, the retail price for consumers will increase to VND300,000-305,000 per 12kg canister.Gas traders explained that the latest hike was on account of the $85 per tonne increase in the world gas price this month over the previous month’s level, taking it to $440 per tonne.Therefore, the price of domestic gas had to be adjusted in accordance with the market.Suppliers and distributors announced the increase in price on July 31.Agents, gas shops and consumers…... [read more]
Accordingly, retail price for consumers in the neighbourhoods of HCM City will increase. For example, SP Gas price from Saigon Petro Co Ltd (Saigon Petro) will increase to VND293,500 ($13.13) per 12kg canister. Tran Van Phuc, business manager of Saigon Petro, explained the rise in November gas price was due to the recently announced increase in world gas price of $60 per tonne, making it a total of $415 per tonne. This hike in world price caused the price of domestic gas to be adjusted in accordance with the market. This rise in November is the second continuous significant monthly…... [read more]
Retail cooking gas prices decreased by VND43,000 ($2) to between VND443,000-VND450,000 ($21-21.4) per 12kg canister.— Photo baohaiquan HA NOI (VNS) — Retail cooking gas prices decreased by VND43,000 ($2) to between VND443,000-VND450,000 ($21-21.4) per 12kg canister, as of yesterday in HCM City and surrounding cities and provinces.Do Trung Thanh, deputy head of the Business Department of Saigon Petro attributed the decreased cooking gas price to the reduced global price, noting that gas is being sold internationally at $1,015 per tonne in January 2014, down $147.5 since last month.There was a sudden rise in domestic gas prices in December 2013 by…... [read more]
HCM CITY — Gas retailers in the city said gas prices would be raised by VND51,000 to an average price of VND420,000 per 12kg canister as of today. The distributors said the increase was because the world price of imported gas rose $175 per tonne against the previous month. In the past two months, domestic gas prices rose by VND103,000 per 12kilo canister.-VNS... [read more]
This is the third price adjustment this year.Saigon Petro said it would list retail price for cooking gas at VND 305,000 per 12kg canister on August 1.The increase is a result of a rise of world gas price in August, which is estimated to reach US$ 440 per ton, an increase of US$ 85 per ton compared with the previous month.LAC PHONG-Translated by K.Lien... [read more]