Cooking gas prices up 3%
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Cooking gas prices rose on Thursday in Ho Chi Minh City and other southern localities, with a 12-liter cylinder now costing VND438,000 (US$17.78), 3.06% higher than before.
This is the second increase since November after prices fell for six months in a row from May.
Global rates have gone up by 1.56% to $650 per ton as demand for heating surges amid winter, according to local distributor Saigon Petro.
In Vietnam, domestic supply meets only around 60% of the demand, which means prices are partially dependent on global rates.
Questions & Answers
Q.What is the new price of a 12-liter cooking gas cylinder in Ho Chi Minh City?
What is the new price of a 12-liter cooking gas cylinder in Ho Chi Minh City?
A 12-liter cooking gas cylinder now costs VND438,000 (US$17.78) following the recent increase. This represents a 3.06% rise compared to its previous price.
Q.How do global rates influence cooking gas prices in Vietnam?
How do global rates influence cooking gas prices in Vietnam?
Domestic supply in Vietnam only meets about 60% of demand, making local prices partially dependent on global rates. Global prices have risen to $650 per ton due to increased winter heating demand.
Q.When was the last time cooking gas prices increased before this latest rise?
When was the last time cooking gas prices increased before this latest rise?
This is the second increase in cooking gas prices since November. Prior to these rises, prices had fallen consistently for six months, from May onwards.
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