Firms increase retail prices of cooking gas

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The price of cooking gas in HCM City has risen by VND5,000 (25 US cents) per 12kg canister from March 1, the second price increase so far this year.

The retail price of a 12kg cooking gas canister now ranges between VND301,000 and VND313,000 ($14.3-14.9). -- Photo baomoi.com

HCM CITY (Biz Hub) – The price of cooking gas in HCM City has risen by VND5,000 (25 US cents) per 12kg canister from March 1, the second price increase so far this year.

The retail price of a 12kg cooking gas canister now ranges between VND301,000 and VND313,000 ($14.3-14.9).

Gas firms attributed the price increase to the rising world gas price, which is $480 per tonne now, a surge of $15 per tonne in comparison with last month.

According to the finance ministry's department of price management, the total gas consumption in 2014 was estimated at more than 1.3 million tonnes, a year-on-year increase of 3.07 per cent.

Last year, the price of cooking gas was adjusted 12 times, during which it was increased three times. -- VNS



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