The Mercatus Energy Pipeline

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Director of the southern branch of the Petrolimex Gas Company, Hoang Anh, said that due to the prediction for increasing demand in energy and surging prices during winter, the company has planned to stockpile gas since last October.

The sharp rise in gas price is partly due to a surge in the price of tuan natural gas option traders gas. Unusual tuan natural gas option traders weather in some Asian countries and soaring gas consumption in China and Japan are also factors in price hikes, they said. Gas prices on the world market for December have risen … [Read more The price of restaurants and food services down by 0.

In addition, apparel advanced by 0. The Hanoi Statistics Department announced that in November, four tuan natural gas option traders of commodities saw slight increases over the previous month including education up 0. While the Ministry of Industry and Trade also supported the association's request, the finance ministry did not think it was the correct time for a tariff adjustment. Nguyen Anh Tuan, head of the ministry's price management, told the press on Tuesday that the Vietnamese price was based on world prices, which explains a recent rise in gas prices in Viet Nam.

Regarding local rumours that poor management was causing gas prices to rise, Tuan said finance ministry inspectors had conducted regular inspections of gas prices and gas enterprises … [Read more Accordingly, retail price for consumers in the neighbourhoods of HCM City will increase.

This hike in world price caused the price of domestic gas to be adjusted in accordance with the market. Suppliers and distributors in HCM City and other southern cities and provinces announced the rise on October The consumer price index CPI for February rose 0. The increase is relatively low compared to last month and the same period last year, when it rose 0.

In particular, food and catering went up 0. Healthcare service costs also increased 0. Accordingly, retail price for consumers will increase to VND, per 12kg tuan natural gas option traders.

The price of 30kg and 45kg canisters will increase to VND1. The price of the domestic gas had to be adjusted in accordance with the market. With this latest hike in gas price, February becomes the second consecutive month for this trend as January, too, had witnessed a hike of VND21, per tuan natural gas option traders canister.

Suppliers and distributors announced the increase in price on January The gas prices were maintained at less than VND, per 12kg canister throughout the last year before these were hiked twice in two consecutive months … [Read more Thus, the retail price for consumers will now be VND, per 12kg canister.

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, per 12kg canister. Agents, gas shops and consumers in HCM City and the southern provinces have been informed about the new rates. Many domestic gas retailers raised their prices following an import tax increase. Since April, world gas prices have dropped continuously.

The drop in world prices prompted the finance minister on June 20 to hike import tariffs on gas products from the current zero per cent to 5 per cent. Customers are angry about the rise in retail prices. Rise in gas prices.

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