Vietnam gas prices rise VND15,000/Cylinder

The retail prices of domestic gas have increased by VND15,000 per 12 kilo cylinder, from October 1, the local gas firms said.

Retail gas of PetroVietnam Gas, Petrolimex gas and Shell gas have been risen to VND299,000/cylinder, VND311,000/cylinder and VND316,000/cylinder respectively.

The gas price hike to the higher prices of the global gas, citing spot gas prices in October rose $52.5 from September to $692.5/ton, and adjustment of the interbank exchange rate from the VND18,544 to VND18,932 to the dollar on August 18 as well.

Earlier on September 1, the retail prices of domestic gas also increased between VND14,000- VND15,000 per 12 kilo cylinder.

Vietnam has around 100 gas trading companies, including 10 large firms importing and distributing LPG in the domestic market. Foreign-led joint venture companies own over 50% of the market share and they usually adjust prices monthly. – Stoxplus

Tags: Vietnam gas, Vietnam Gas prices

Posted by VBN on Oct 1 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