The Vietnam Gas Association announced on March 31 a hike in retail prices of liquefied petroleum gas (LPG) by VND19, 000 per 12-kilogram cylinder from April 1, due to local and global price hikes.
Retail prices of liquefied petroleum gas rise by VND19,000 per 12-kilogram cylinder from April 1 (Photo: SGGP)
A 12-kilogram gas cylinder currently costs from VND350,000 to 355,000 depending on the brand.
The association said that the domestic gas price was hiked following an increase in global LPG prices, which have just risen by US$45 per ton, as well as other costs that have gone up like fuel prices and overhead costs.
Gas producers said they have faced difficulties in seeking sources for import since the world is suffering a shortage of gas supplies.
In addition, they said that local supplies have run short because the country’s only oil refinery, Dung Quat, has temporarily halted operation for maintenance purposes.
LPG prices were raised three percent in March, to VND330,000 per 12-kilogram cylinder, due to rising world prices.