Từ khóa: #gas prices

The high gasoline prices (the highest level in the past seven years) have put pressure and affected many production and business activities of businesses and people. Over the past week, many types of goods, food, and services in Ho Chi Minh City have also rushed to raise their prices.

Saigon Petroleum Company Limited (Saigon Petro), on the evening of October 31, announced an increase of VND1,417 per kg (value-added tax included) as of November 1, equivalent to an increase of VND17,000 per 12-kg gas cylinder.

The consumer price index (CPI) in July edged up by 0.62 percent compared to the previous month, 2.25 percent compared to December last year, and 2.64 percent year-on-year.

Rising global oil prices have been putting pressure on gasoline prices in the domestic market. According to the report of the General Statistics Office of Vietnam under the Ministry of Planning and Investment, an increase of 12.08 percent in the five-month domestic gasoline prices and 15.32 percent year-on-year in gas prices are one of the main reasons for the rise in the consumer price index (CPI) in the first five months of this year.

The Ho Chi Minh City One-Member Limited Liability Oil & Gas Company (Saigon Petro), on the evening of March 31, announced that gas price would decline by VND1,708 per kilogram, or VND20,500 per 12-kilogram cylinder as of April 1.

Fuel prices have been adjusted as of 3 p.m. on November 30 in accordance with the order of the ministries of Industry and Trade and Finance.