Gas price jumps in Viet Nam

Friday, Nov 01, 2013 16:36

Gas prices rise another VND18,000 (US$0.9) per canister (12 kg) in the local market. — Photo Giaga.net

HA NOI (BizHub) —Gas prices rose on the local market on Friday, demanding a further VND18,000 (US$0.9) per canister (12 kg).

Deputy Director of Saigon Petro Gas, Do Trung Thanh, announced the day before in HCM City that the company would be selling gas at a new price of VND408,000 ($19.4) per canister, citing earlier increases in the world gas price of $60 per tonne in November.

Meanwhile one major gas distributor in Ha Noi said the current price of VND370,000 ($17.6) per canister would increase to VND400,000 ($19.04).

Prices have increased by VND34,000 ($1.6) in the four months since June.— VNS

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