Domestic gas prices
According to records on the afternoon of April 16, retail gas prices in the country have seen additional local fluctuations after the upward adjustment period from the beginning of the month, mainly by region.
In the North, gas prices in Hanoi continue to be stable, with 12kg cylinders at 629,208 VND and 48kg cylinders at 2,516,832 VND. Meanwhile, in Hai Phong, the price has slightly adjusted down, 12kg cylinders decreased by 19,440 VND to about 619,488 VND, and 48kg cylinders decreased by 77,960 VND, to 2,462,200 VND.
In the Central region, gas prices in Da Nang are commonly around 596,000 VND/12kg cylinder. Notably, the 48kg cylinder recorded a sharp decrease of 120,000 VND, falling to 2,179,000 VND - a noticeable adjustment compared to the general level in recent times. Price levels between localities still have certain differences, depending on transportation costs and distribution systems.
In the South, the general price level remains stable in major cities. In Ho Chi Minh City, the price of a 12kg cylinder is 612,000 VND and a 48kg cylinder is 2,444,000 VND. Meanwhile, Can Tho continues to be the region with a lower price, with a 12kg cylinder of about 550,000 VND and a 48kg cylinder of 2,200,000 VND.
Domestic gas prices by brand
Domestic retail gas prices today continue to be stable for many brands, with no changes recorded compared to the session on April 14.
Petrolimex gas is listed at 629. 208 VND/12kg cylinder and 2,516.832 VND/48kg cylinder (industrial type).
At the Saigon Petro system, the price of a 12kg gas cylinder is 654,500 VND, while a 45kg cylinder is sold for 2,455,000 VND.
Similarly, Pacific Petro listed the price of a 12kg cylinder at about 650,000 VND and a 45kg cylinder at 2,408,000 VND, unchanged compared to recent sessions.
For PV GAS, the selling price varies between regions. In Hanoi, a 12kg cylinder is 610,200 VND and a 45kg cylinder is 2,288,250 VND. Meanwhile, in Ho Chi Minh City, the prices are 640,081 VND/12kg cylinder and 2,400,259 VND/45kg cylinder respectively.
World gas prices
According to Traders Union, natural gas prices continue to be under downward pressure, currently fluctuating around the support zone of about 2.58 USD. Weakening demand in the US, abundant supply and warmer weather forecasts are maintaining the downward trend of the market.
However, the downward momentum is not really clear as the selling side has not created enough pressure to break through the support zone. In case weather conditions change in a disadvantageous direction, the market may experience a technical recovery due to short-term buying and selling activities, with prices heading up to the 2.66–2.72 USD zone.
However, these recovery phases are likely to be short-term and may become an opportunity to increase selling positions. If selling pressure continues to prevail, the price may retest the current support zone.
In a more positive scenario, if the above resistance zone is overcome, gas prices may expand their gains to the 2.76–2.80 USD area. However, this possibility is not yet highly appreciated in the context that fundamentals have not improved much, even when the Middle East situation is still volatile.
