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VietNamNews

Gas price hike from today

Update: August, 01/2012 - 12:20

HA NOI – Cooking gas distributors today raised prices by VND52,000 (US$2.5) to an average price of VND367,000 ($18) per 12kg canister following a global increase in prices.

The distributors included Saigon Petro, MT Gas and Pacific Petro, amongst others.

After a period of falling prices, imported gas has risen to US$775 per tonne, $177.50 higher than early July.

According to HCM City's market watch team, gas prices were prone to fluctuations. Violations were widespread throughout the market, so the team would tighten inspections in the near future.

In July, the team inspected 22 gas shops and agents, and 14 were found to have violated regulations such as illegal gas extraction and falsified weights. – VNS

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