The price of cooking gas in HCM City and the southern provinces has been raised by VND16,000 (70 US cents) for a 12kg canister with effect from September 1.

Thus, the retail price for consumers will now be VND320,000-325,000 per 12kg canister.

Gas traders said the latest hike is on account of the $50 per tonne increase in world gas price this month compared to the previous month, adding up to $490 per tonne. The price of domestic gas had to be adjusted in accordance with the global market, traders said.

With this hike, September becomes the second consecutive month to post a rise in gas prices. In August too, there had been a hike of VND27,000 per 12kg canister.

Agents, gas shops and consumers in HCM City and the southern provinces have been informed about the new rates. — VNS