Gas prices continue to rise for the third consecutive month
Many gas trading companies have simultaneously announced an increase in retail gas prices, effective from March 1.
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With the new price adjustment, from today (March 1), the retail price of gas will increase by 1,417 VND/kg. Thus, the 12kg cylinder will increase by 17,000 VND (including VAT). The selling price to consumers will be at a common level of 345,000 - 360,000 VND/cylinder.
With large gas cylinders,For 45 kg/cylinder or 50 kg/cylinder, the new price will be 1.3 million VND/cylinder and 1.45 million VND/cylinder respectively.
The reason for the gas price increase is explained as the contract price (CP price) for March delivery was fixed at 505 USD/ton, an increase of 50 USD/ton compared to the CP price for February delivery.
This is the third consecutive month since the beginning of 2019 that gas prices have been adjusted upward.Previously, the price increase in February was 1,000 VND/kg right before the Lunar New Year 2019, which is an increase of 12,000 VND/12kg cylinder compared to the previous month. In January 2019, the gas price increased by 4,000 VND/12kg cylinder (about 333 VND/kg). Therefore, in total, the 3 price increases since the beginning of the year, the gas price has increasedup to 33,000 VND/12kg bottle./.
