Cooking gas price increases by 4,000 dong per 12kg cylinder from May 11

From today Wednesday (May 11), Saigon Petro is to raise the retail price of cooking gas by another 4,000 dong per 12 kilogram cylinder.

Thus, the cooking gas retail price to the consumer in HCM City will be 382,000 dong per 12 kilogram cylinder.

According to Do Trung Thanh, deputy head of business apartment of Saigon Petro, this gas price rise is to offset for the difficulties of petro dealers and high expenditures.

Within only 10 days, the gas price saw two rises totalled at 34,000 dong per 12 kilogram cylinder.

Also according to Thanh, the Saigon Petro’s current gas retail price is lower by tens of thousands dong than that of other petro dealers. At present, the petro dealers earns about only 30,000 dong profit for each 12 kilogram cylinder amidst high increasing costs.

Previously, on May 1, Saigon Petro also raised the gas retail price by 30,000 dong per 12 kilogram cylinder due to the gas price for May delivery in the world market increased more $87.5 per tone from the previous month, to $970 per tones. – Vietbiz24

Posted by VBN on May 12 2011. Filed under Oil-Gas & Petroleum. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry