According to Petrolimex Gas, a leading gas company in Vietnam, the retail price of gas in Hanoi as of September 1st has increased to 417,400 VND per 12kg cylinder, a rise of 1,300 VND. For industrial cylinders of 48 kg, the price surge is 5,200 VND, reaching 1,669,300 VND.
Gas South, another prominent gas company in the southern region of Vietnam, has implemented even higher increases from September 1st. The surge amounts to 583 VND per kg, equivalent to 7,000 VND for a 12kg cylinder and a substantial 26,235 VND for a 45kg cylinder. These new prices apply to their various brands, including Gas Dầu Khí, VT-Gas, A Gas, Đăk Gas, JP Gas, and Đặng Phước Gas, across the Eastern and Western regions of Southern Vietnam.
So far this year, the domestic gas market has undergone nine price adjustments, including one increase, five decreases, and three instances of maintaining prices. Overall, gas prices in 2025 have remained lower than those at the end of 2024.
Retail gas prices rise from September 1st.
Interestingly, this price hike is not a result of fluctuations in global gas prices. According to import businesses, the September gas contract price announced by Saudi Aramco remains unchanged from August, standing at 505 USD per ton.
A representative from Petrolimex Gas attributes the domestic price increase to fluctuations in the USD/VND exchange rate. The strengthening of the US dollar has led to higher import costs and contract payments for gas companies, forcing them to adjust retail prices to maintain profitability.
The Vietnam Gas Association notes that while the current increase may not significantly impact consumers’ expenses, businesses and services that rely heavily on gas should take note of these adjustments when planning their budgets. They further advise large-scale gas consumers to consider long-term supply contracts to mitigate the impact of short-term currency fluctuations and transportation costs, especially given the stable global gas price outlook for the upcoming quarter.
International energy forecasters predict that gas and oil prices are unlikely to surge dramatically in Q4 of 2025, thanks to ample supply and steady demand.
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