Gas price increased by 80,000 VND/12 kg cylinder from December 1

The retail price to consumers will increase to 475,000 - 485,000 VND/12 kg bottle, this is the highest price since February 2012.

According to information from the Vietnam Gas Association, gas prices on the world market are currently being offered at over 1,000 USD/ton, an increase of about 200 USD/ton compared to early November.

Therefore, starting from December 1, domestic gas retail prices will be adjusted by gas suppliers to increase from 70,000 - 80,000 VND/12 kg cylinder.

With this new price increase, the retail price to consumers will increase to 475,000 - 485,000 VND/12 kg bottle, this is the highest price since February 2012.

A representative of the Vietnam Gas Association said: The sharp increase in retail gas prices is not only due to the increase in world prices but also because some retail businesses selling this product have "hoarded" their goods until December to sell them to enjoy high profits.

Over the past week, gas prices in the Northern market have increased by about 22,000 VND/12 kg cylinder, and in the Central region, they have increased by more than 10,000 VND/12 kg cylinder./.

According to VOV