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Gas prices fell sharply – VnExpress Business

Ho Chi Minh CityFrom May 1, each 12 kg gas cylinder to consumers will be reduced by 29,000 VND, down to 487,000 VND.

Users will save 2,417 VND per kg of gas (equivalent to 29,000 VND per 12 kg cylinder) compared to the previous month. This price includes value added tax (VAT) when purchased at retail points in Ho Chi Minh City and southern provinces.

Gas prices dropped sharply, showing signs of cooling down after three consecutive spikes since the beginning of 2022, helping to alleviate a bit of pressure on people’s consumption in the context of commodity price escalation from Tet to the end of the year. now.

Saigon Petro Company said that the reason for the decrease in gas prices in May was that the world supplier announced the average fuel price reached 855 USD per ton, down 95 USD compared to the previous month.

Currently, the domestic gas price depends on world developments because domestic supply accounts for about 60% of consumption. The weather warms up in the summer, causing the demand for fuel and gas in many areas of the world to decrease, helping the world gas price to cool down.

Trung Tin

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