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Vietnamese cooking gas prices edge up

Vietnamese cooking gas prices went up slightly on Friday tracking global increases.

A 12kg gas cylinder has become VND3,000-5,000 (US$0.2-0.3) more expensive and costs VND183,000-188,000 ($11.5) from September 1.

Vietnam still depends heavily on gas imports, buying 55-60 percent of its total needs.

Representatives of a gas trading company said international prices had risen in the last four months and there were no signs of a slowdown. They had gone up to $562 per ton now, $15 higher than last month.

World prices are expected to continue rising followed a normal pattern of increased consumption during the year-end.

Vietnamese domestic supply is set to a decline briefly as the Ba Ria – Vung Tau province-based Dinh Co Gas Processing Station, which accounts for some 40 percent of local supply, announced a routine two-week closure for maintenance in September.

(Source: http://www.thanhniennews.com)

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