Saigon Petro has officially announced a reduction of VND 8,000 per 12kg gas cylinder, effective from 7:30 AM on December 18. Accordingly, the new retail price for consumers is VND 322,000 per 12kg cylinder.
Thus, within just one week, Saigon Petro’s gas price has dropped by VND 13,000 per cylinder, following an earlier increase of VND 38,000 per cylinder at the beginning of December.
In the previous price adjustment on December 11, Mr. Do Trung Thanh, Deputy Head of Gas Sales Department at Saigon Petro, explained that as global contract prices for December were at USD 952 per ton, up USD 140 from the previous month, PetroVietnam Gas decided to lower its domestic wholesale gas price by about USD 20 per ton compared to international levels.
This time, the decrease is due to the Ministry of Finance’s approval to reduce the gas import tax from 5% to 2%, effective from December 17.
(Thoi Bao Kinh Te Viet Nam 17/12)
