Gas traders seek to raise prices

Five gas traders have registered to raise their retail prices after the Ministry of Finance's recent decision to hike gas import tax from zero to 5 per cent, according to the ministry's Price Management Department.

Among the firms, Viet Nam Liquified Petroleum Gas registered to increase its prices by VND10,764 ($0.51) per 12kg canister, the lowest price level, while PetroVietnam Eastern Gas planned to raise its prices to the highest level of VND12,000 ($0.57).

With the current gas import tax, the price adjustment registered by these firms was reasonable, the department said

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