From April 1, retail gas prices in the city continued to increase sharply, reaching 600,000-661,000 VND per 12 kg cylinder, an increase of 95,000 VND compared to the end of March – a record high.
According to Vietnam LPG Trading Joint Stock Company (PV GAS LPG Southern), from April 1, gas prices continued to be adjusted to increase sharply, bringing each 12 kg cylinder to 660,081 VND, equivalent to an increase of 7,917 VND per kg (VAT included), or about 95,000 VND per cylinder compared to the previous period. With a 45 kg bottle, the increase is up to 356,250 VND, pushing the retail price to nearly 2.5 million VND per bottle.
This development was also simultaneously applied by other businesses. Saigon Petro raised the gas price by the same level of 7,917 VND per kg, bringing the average retail price of 12 kg to about 654,500 VND. Meanwhile, Vietnam Liquefied Gas Company Limited (VT GAS) said this is the 4th adjustment since the beginning of March, with the common price currently around 600,000 VND for a 12 kg tank and about 2,248 million VND for a 45 kg tank.
Overall, in just over a month, the price of 12kg gas has increased by 190,000-230,000 VND per cylinder, depending on the business. The level of around 660,000 VND per cylinder (gas only) is currently far exceeding the previous highest mark of about 516,000 VND recorded in March 2022.
Gas at a VT GAS distribution agent. Image: Thuy Nhu
Businesses said the announced price is the maximum retail price available to consumers. In fact, prices at each store or dealer may be lower, depending on sales policy and region.
In the retail market, pressure to increase prices is spreading. A representative of a gas agent in Ho Chi Minh City said he had never seen prices fluctuate so continuously as they do now, with the frequency of adjusting 2-4 times in just over a month. Not only consumers are affected, agents also face difficulties due to scarce supplies and rapidly changing import prices.
The main reason comes from strong fluctuations in world prices. Businesses said that the CP price (reference contract price) in April 2026 increased to 775 USD per ton, 232.5 USD higher than the previous month. In addition, the “premium” cost – the difference compared to the share price, increased sharply in the context of tight supply.
Data from the international market shows CP prices in March 2026 at about 545 USD per ton for propane and 540 USD per ton for butane. However, the actual import price was significantly higher because the premium at one time increased to several hundred USD per ton, far exceeding the previous normal level.
Pressure comes not only from costs but also from regional supply. The Southeast Asian market is recording a shortage of goods, countries have to compete to buy available batches of LPG, causing prices to continue to rise. Meanwhile, hiring shipping vessels is also difficult because schedules must be booked half a month to a month in advance, reducing the ability to respond to unexpected fluctuations.
PV GAS representative said that the business is coordinating with partners to ensure LPG supply for the market in the coming months, and at the same time find solutions to share difficulties with the distribution system in the context of fluctuating prices.