Cooking gas price to increase tomorrow
Cooking gas price to increase tomorrow
The retail price of cooking gas on the local market will be revised upward by VND1,417 per kilogram from tomorrow, March 1, due to the rising world gas price, retailers announced today, February 28.
A 12-kilogram gas cylinder will cost between VND345,000 and VND360,000, up VND17,000. Meanwhile, 45-kilogram and 50-kilogram cylinders will sell for VND1.3 million and VND1.45 million, respectively.
Local gas trading firms attributed the price hike to the gas contract price increase in March by US$50 per ton month-on-month, to US$505 per ton.
The gas price has been revised up for two consecutive months year-to-date, with the VND1,000 per kilogram price hike in January.
As for other important fuels such as petrol and oil, their imported prices have remained volatile, according to a price list updated on the Ministry of Industry and Trade’s website.
As of February 27, RON92 petrol was traded at US$67.06 per barrel, while each barrel of DO oil cost US$68.96, both rising by several dollars versus mid-February. Given this spike, local retail fuel prices will likely rise too.
