Retail gas prices increase

The gas price hike occurred because of higher world gas prices. Photo baotintic.vn

The gas price hike occurred because of higher world gas prices. Photo baotintic.vn

HA NOI (Biz Hub)— Domestic retail gas prices increased by VND12,000 (US$0.57) per 12-kg canister on Saturday, according to wholesalers.

It is reported that the hike occurred because of higher world gas prices.

The current prices range from VND398,000-400,000 ($18.9-19) per 12-kg canister. This is the fourth consecutive gas price hike since May with total increase of VND34,000 ($1.6) per canister. Earlier in the year, there were four consecutive price cuts.

The current price remains VND42.000 VND ($2) per canister lower than at the end of 2012. — VNS

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