Gas prices today (April 3) remain stable at a high level after a sharp increase from the beginning of April, with a common level of around 650,000 VND per 12kg cylinder depending on the region and brand.
As of 8:50 am on April 3, gas prices in Hanoi and areas across the country have not recorded new fluctuations after the adjustment period on April 1. According to records from LPG businesses, retail gas prices in areas are announced as follows:
In the Northern region, gas prices in Hanoi are around 629. 208 VND/12kg cylinder and 2,516. 832 VND/48kg cylinder. In Hai Phong, the price fluctuates around 638. 928 VND/12kg cylinder and 2,540. 160 VND/48kg cylinder.
In the Central region, gas prices in Da Nang are about 555,000 VND/12kg cylinder and 2,135,000 VND/48kg cylinder. Meanwhile, in Ho Chi Minh City, the common prices are about 612,000 VND/12kg cylinder and 2,444,000 VND/48kg cylinder. In Can Tho, the prices are about 550,000 VND/12kg cylinder and 2,200,000 VND/48kg cylinder.
According to market records, retail gas prices in some areas may be higher, fluctuating around 650,000 - 660,000 VND/12kg cylinder, depending on the distribution system and transportation costs.
According to LPG businesses, the domestic gas price level increased sharply in April mainly due to pressure from the international market. Specifically, the contract gas price (CP) in April was announced at about 775 USD/ton, a significant increase compared to the previous month, leading to an increase in import costs.
In addition, fluctuations in the USD/VND exchange rate also increase input costs, making it difficult for domestic gas prices to maintain at a low level as before.
After completing the adjustment period at the beginning of the month, gas prices are currently temporarily stable and no new increases have appeared. However, in the context that world energy prices are still fluctuating, the domestic gas price level is forecast to continue to be under pressure in the coming time.
* Note: Retail gas prices are for reference only, may change depending on the region and business; the trend in the coming time depends on world energy prices.
