Cooking gas price up 2nd time this year

Cooking gas distributors have announced a hike in prices effective today, the second this year, due to a rise in global prices and transportation costs.

The price of a 12-kilogram cylinder rises by VND9,000-10,000 to around VND330,000 (US$15.8), major suppliers like Saigon Petro, Petrolimex Gas, and Vina Gas said.

Gas prices have risen by US$25 per ton on the world market, or equivalent to just VND7,000 per cylinder. The remaining VND2,000-3,000 is reportedly due to higher transportation costs as a result of increased gasoline prices.

Gas supplied by Vietnam’s sole refinery at Dung Quat is $15 higher than on the world market.

The price hike is the second this year after an earlier one of VND7,000 in early January.

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