Business

Global hike fuels gas price rise

Gas prices increased by 13.000 VND (0.62 USD) per 12 kg canister on July 1, according to wholesalers.
Gas prices increased by 13.000 VND (0.62 USD) per 12 kg canister on July 1, according to wholesalers.

This means current retail gas prices range from 375.000-380.000 VND(17.5-18.1 USD) per 12 kg canister. The domestic gas price hike occurredbecause of higher world gas prices and high transportation fees.

This is the third consecutive gas price hike since May. Earlier in the year these were four consecutive price cuts.

The current price remains 54.000 VND (2.57 USD) per canister lower than at the end of 2012.-VNA
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