Domestic gas cost rises for second successive month

Higher world prices and the depreciation of the dong forced retailers to increase the price of domestic gas from yesterday.

The price of a 12-kilo Sai Gon Petro tank had been increased by VND14,000 to VND272,000, said its business division deputy director Do Trung Thanh.

Other gas retailers in HCM City, including VT gas and Gia Dinh Gas, planned to increase their prices.

In Ha Noi, many retailers raised the price by VND15,000 to VND311,000 for a Petrolimex 12-kilo tank, to VND299,000 for a PetroVietnam Gas 12-kilo tank, and to VND316,000 for a Shell gas tank.

The global gas price for October has already increased $52.5 per tonne to $692.5 compared with September when it increased VND14,000-15,000 per 12-kilo tank.

The increase is attributed to the high price for crude oil and winter demand.

Decree No 107 issued yesterday requires all cooking gas distributors to maintain a storage tank with a capacity of at least 800cu.m; a standard extraction system and at least 300,000 gas tanks that meet the necessary quality standards. Each distributor is also required to have a network of at least 20 dealers. — VNS

Tags: Vietnam gas, Vietnam Gas prices

Posted by VBN on Oct 2 2010. Filed under Oil-Gas & Petroleum. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry