In August, RON 92 gasoline price declined 2.34% from July. In September, the price went down, according to the petroleum market news in September of Vietnam National Petroleum Corp (Petrolimex). Accordingly, the average price of WTI oil in September reached $85.97 per barrel, down $0.39, or 0.46% from August. The Brent oil average price in [...]
Gas prices in Vietnam fell by VND10,000 to VND346,000 per 12-kg cylinder from September 29 following suit lower world prices. The gas price for October delivery on the global market has dropped $52.5/ton from September to $775/ton winter, the local newspaper Sai Gon Tiep Thi quoted Do Trung Thanh, deputy head of Sai Gon Petro [...]
The retail price of gas is always 30 percent higher than the actual value, because the products have to go through many middlemen before reaching out to consumers. However, no proper solution has been found to settle the problem. Gas importers now only “take care” for sales agents by offering sky high commissions, while they [...]
Vietnam gas agents are making VND45,000 profit from selling 12 kg Canister, local online newspaper Tuoi Tre reported citing Thu Duc gas agent. Of the sum, gas agents got around VND15,000 support from gas domestic suppliers as world gas prices fell to around $800 a ton, and the rest is the price difference between buying [...]
The Prime Minister has approved a project on building a system of gas import docks at Ham Tan district in the central province of Binh Thuan , according to Do Khang Ninh, general director of PetroVietnam Gas (PV Gas). Accordingly, the docks will include a port where ships go to have gas put on or [...]
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 [...]
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