Association demands zero import tax on cooking gas

TN News

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The Vietnam Gas Association has called for cutting import tariffs on cooking gas to zero to ease domestic prices, which skyrocketed by 20 percent this month.

Its proposal to the Ministry of Finance received support from the Ministry of Industry and Trade, which said however it plans to investigate if gas businesses were up to mischief.

Cooking gas, or liquefied petroleum gas, now retails at VND475,000-485,000 on average for a 12-kilogram cylinder, the highest since February 2012.

Vietnam imports half of its cooking gas needs.

News website VnExpress quoted Nguyen Xuan Chien, deputy chief of the Domestic Market Department, as saying that international gas prices have increased by $267 per ton to their highest levels since February 2011.

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