Retail gas price falls by VND10,000

Reduction of gas prices  attributed to the Ministry of Finance’s decision to down import tax of gas

The retail price of a 12kg gas bottle has fallen by VND8, 000-10,000 following a decision from the Ministry of Finance.

The Ministry has decided to reduce the import tax of gas products from 5 percent to 2 percent from January (While petroleum gas and hydrocarbon gas have no imported tax).

This decision has had a positive effect on the market. Retail stores reduced their prices by VND8,000-10,000 for a gas bottle of 12 kg. Customers will buy a bottle of gas (12 kg) for around VND322,000.

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