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Gas traders seek to raise prices

Update: June, 28/2012 - 09:57

HA NOI — 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.-VNS

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