Local gas suppliers offer discount for distributors

Some local cooking gas suppliers such as Saigon Petro, Gia Dinh Gas and Vinagas have cut the price of a 12-kg cylinder of cooking gas by VND5,000 for their distributors as the price of gas worldwide has dropped by $50 to $80 a tonne.

Le Van Cuong, the owner of gas distributor Quoc Phong in Hiep Binh Chanh Ward, Thu Duc District, Ho Chi Minh City, said that he had been offered the discount by some suppliers.

Cuong said the discount would help him to offer certain types of consumers lower and more competitive prices.

Do Trung Thanh, deputy head of the Sales Department at Saigon Petro Ltd. Company, told Tuoi Tre that though his company has yet to offer the discount to customers because the domestic gas price now is depending on the contract price, which is announced at the end of every month, and changing retail prices must be first approved by the Ministry of Finance’s Price Administration Bureau.

Earlier on August 1, the domestic retail price increased by VND8,000 per 12-kg cylinder when the cooking gas contract price (CP) increased by $25 a tonne to $860 a tonne. – Tuoitre

Tags: Vietnam gas, Vietnam Gas prices

Posted by VBN on Aug 15 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