The office of the government has just sent a document on requesting the Ministry of Finance to consider cutting the cooking gas import tax to 2% from current 5% as proposed by Vietnam Gas Association (VGA).

According to news from VGA, domestic cooking gas prices have soared in the first months of 2012 due to the impact of higher gas prices in the world market. Cooking gas price in the world market was at $780-880/ton in November 2011, but soared to $1,025/ton in early Feb 2012.

It was a reason gas companies in Vietnam have continued lifting their prices about VND74,000 a cylinder of 12kg since early January to VND425,000 per 12kg cylinder. So VGA has sent a documen to Government office and Ministry of Finance on considering to adjust import tax of cooking gas from 5% to 2% as 2011 level in order to create a good conditions for enterprises to adjust cooking gas prices following the world market prices, while support customers and stabilize prices.

After receiving the recommendations from VGA, the Government office has sent a request letter to Ministry of Finance for considerating, handling accordance to regulations, and have an official response to VGA request.

In the time gas prices rising, the Price Management Department, Ministry of Finance issued a letter to the Finance Departments of provinces and cities on requesting to check the compliance accordance to State regulations on price management. In particular, the Finance Department will check on prices registration, declaration, listing price, and publicized price as registered.

Source: Xangdau.net