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Oil firms carry out first gas price hike of 2014

Update: May, 03/2014 - 09:36
Do Trung Thanh from the Sai Gon Petro Company, Ltd said that the retail price for SP gas would increase by VND8,000 to VND391,000, or $18.6, for a 12-kilogram canister, compared with the price at the beginning of April. — Photo canthotv
HA NOI (VNS)— The retail gas prices were raised by VND3,300 to VND8,000, or between US$0.15 and $0.38, per 12-kilogramme canister, depending on the type of gas, from May 1.

Do Trung Thanh from the Sai Gon Petro Company, Ltd said that the retail price for SP gas would increase by VND8,000 to VND391,000, or $18.6, for a 12-kilogram canister, compared with the price at the beginning of April.

Meanwhile, Pham Anh Tu from the Ha Noi Branch of Gas Petrolimex said that the retail price would increase by VND3,300 to VND407,000, or $19.3, for a 12-kilogram canister.

This is the first time that domestic gas prices have been increased after being reduced four times since the beginning of 2014. According to the gas companies, the prices have been raised because the global gas prices in May have increased by $10 per tonne to reach $817.5 per tonne, compared with the April prices. — VNS

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