Vietnam LPG Prices Rise 28,500-35,000 VND per 12kg Cylinder from Aug 1

Overview

Retail LPG prices in Vietnam increased by 28,500-35,000 VND per 12kg cylinder starting August 1, 2026, according to multiple distributors. The hike is driven by a rise in global Contract Price (CP) to 630 USD/ton and supply concerns, including planned maintenance at PV Gas’s Dinh Co processing plant. The move affects listed company PV Gas (GAS) on HOSE, which is a major LPG supplier.

Key Facts

• Saigon Petro raised prices by 2,375 VND/kg (incl. VAT), equivalent to +28,500 VND per 12kg cylinder, bringing retail to 561,000 VND per 12kg.
• Petrolimex Gas Sài Gòn increased prices by 30,000 VND per 12kg cylinder (incl. VAT) to retail agents.
• Gia Đình Gas and MT Gas raised prices by 2,917 VND/kg, or +35,000 VND per 12kg and +131,250 VND per 45kg cylinder.
• Long Yin Long An Energy increased City Petro and Vina Pacific Petro prices by 35,000 VND per 12kg, 131,000 VND per 45kg, and 146,000 VND per 50kg cylinder.
• Global CP for August 2026 is set at 630 USD/ton, up 40 USD/ton from July, plus higher premium costs.
• PVGas Trading announced maintenance at Dinh Co gas processing plant in August and September 2026, reducing committed supply to 70% in August.
• GAS closed at 68,600 VND on July 31, 2026.

What Happened

Retail LPG prices across Vietnam rose on August 1, 2026, as reported by Tuổi Trẻ. Major distributors including Saigon Petro, Petrolimex Gas Sài Gòn, Gia Đình Gas, MT Gas, and Long Yin Long An Energy all announced increases ranging from 28,500 to 35,000 VND per 12kg cylinder. The adjustments follow a rise in the global Contract Price (CP) for August 2026 to 630 USD/ton, up 40 USD/ton from July, along with higher premium costs for LPG purchases.

In addition, PVGas Trading, a subsidiary of PV Gas, notified customers of planned maintenance at the Dinh Co gas processing plant during August and September 2026. As a result, the company expects to supply only about 70% of committed volumes in August, with the remainder deferred to September. PVGas Trading has asked partners to balance their inventory and consider additional imports to meet demand.

Market Context

GAS, listed on HOSE, closed at 68,600 VND on July 31, 2026. The LPG price hike and supply reduction are likely to support domestic LPG prices in the near term. Vietnam’s LPG market is influenced by global CP trends and domestic supply constraints. The maintenance at Dinh Co, a key processing facility, could tighten supply further, potentially benefiting GAS’s margins if it can pass through higher costs. However, reduced output may also impact volumes.

Strategic Significance

For long-term investors, the price increase reflects global energy price dynamics and domestic supply management. GAS’s ability to manage maintenance schedules and supply commitments is critical. The company’s integrated position in gas processing and distribution allows it to capture value from price movements, but operational disruptions like the Dinh Co maintenance could affect short-term volumes. Investors should monitor how GAS balances supply commitments and import costs.

What to Watch

• Monthly CP announcements for September 2026 and their impact on retail prices.
• PVGas Trading’s progress on Dinh Co maintenance and any updates on supply restoration.
• GAS’s Q3 2026 earnings report, expected in October, to assess margin impact.
• Import volumes of LPG in August and September to gauge supply gaps.
• Regulatory responses to price increases, if any, from the Ministry of Industry and Trade.