Gas prices to rise by VND80,000 from December
(VOV) - Retail gas prices will increase VND80,000 to VND475,000-485,000 per 12kg canister from December 1, their highest level since February 2012.
The Vietnam Gas Association says gas is being sold internationally at more than US$1,000 per tonne, US$200 per tonne more than earlier in November.
The Association’s representatives attributed the price hike to this development as well as speculation by retail businesses.
Over the past week, northern regional gas prices rose VND22,000 per 12kg canister, VND10,000 more than the increase in the central region.