return icon Vietnamnet.vn

After petrol, gas now sees price increase

The gas price on October 31 increased by another VND17,000, raising the price to VND500,000 for a 12 kilogram tank.

{keywords}

 

 

The gas prices have experienced nine increases so far this year, but gas traders are unhappy. They complain that as gas has become too expensive, sales are very slow.

Nguyen Thu Hang, the owner of a gas shop in Ha Dong, said her shop closed at the beginning of the year because of Covid-19. The shop has reopened and demand is much weaker than the same period of previous years.

Meanwhile, the gas price has increased once again, following the shocking petrol price increase. As a result, sales are decreasing dramatically.

In previous months, despite the pandemic, she could still sell 20-25 tanks a day. But she sells 10 tanks these days, and cannot sell gas cookers.

Hang said that gas prices have increased nine times. The sharpest rise was seen in early October, to VND450,000 per tank, followed by the VND17,000 per tank increase on the last day of the month.

Gas products of Pacific, Vimexco Gas and City Petro all have seen prices increasing with retail prices exceeding VND501,000 per 12 kilogram tank and VND536,000 per VIP plastic 12 kilogram tank.

Since gas prices are on a sharp rise, consumption is very weak. People tend to shift to use other kinds of fuel instead of gas.

Hang said she and other gas shop owners hope general agents and gas companies will apply support policies to force the prices down. Only when the prices go down and become stable will Hang be able to find more buyers.

Le Quang Tuan, Deputy Director of Pacific Oil and Gas Trading, said that domestic gas prices increased following an upward trend in the world as demand for gas for heating increases in winter. Meanwhile, the exploited output fell by 30 percent, resulting in short supply.

According to the Southern Gas Association, the price of import contracts for November 2021 increased by $52.5 per ton, which means a price of $850 per ton for deliveries in November.

Nguyen Thai Binh, a mechanic in Ha Dong district, complained that her 6-member family has to pay nearly VND100,000 more each month because of the gas price increase. To save money, Binh decided to use a honeycomb charcoal stove.

“I use a gas cooker for frying and charcoal stove for simmering,” he said.

“The long pandemic has caused us to lose jobs. And food prices have been increasing,” Tran Thi Thao, a housewife in Ha Dong, complained. 

Thao Nguyen

Gas price hike not affecting GDP

Gas price hike not affecting GDP

The sharp increase in gas prices recently will surely affect the speed of economic recovery and increase prices of goods.

Petrol price hike puts pressure on consumers, threatens inflation

Petrol price hike puts pressure on consumers, threatens inflation

The prices of goods and services have begun escalating following a shocking hike in petrol price, reaching a 7-year high, announced by petroleum distributors on October 25.

MORE NEWS

Grandmaster couple shine in SEA Games

Nguyen Ngoc Truong Son and Pham Le Thao Nguyen are national chess teammates. They are the first couple winning at the same time in the 31st SEA Games after grabbing two golds each for Vietnam.

Vietnamese textile-garment industry strong but not stable

It is worrisome that the development structure of enterprises in the textile and garment industry is unbalanced, with garment enterprises accounting for the majority and those producing raw materials being very few.

Nurturing life for sea – preserve sea coral

Members of the PADI Vietnam diving team name the coral culture trips ‘Planting a branch of coral - giving it to future generations'. Their acts - the first seeds have been sown in the seabed - will hopefully further be followed by others.

Press agencies should collect user data instead of relying on digital platforms

Newspapers need to collect reader data to produce articles and personalize content rather than depend too heavily on digital platforms, said Nhan Dan (People) Editor-in-Chief Le Quoc Minh.

New generation FTAs fuel US$750 billion trade hope in 2022

Vietnam has signed 15 free trade agreements (FTAs), including several new generation FTAs, a move which is anticipated to create a breakthrough in trade and produce a large trade surplus in the year ahead.

Vietnamese firms’ outbound investment doubles in five months

Vietnamese enterprises poured over US$293 million into their new projects abroad over the past five months, double the investment made in the same period last year, according to statistics of the Ministry of Planning and Investment.

It’s time to promote the development of REITs: association

Vietnam needs to improve the legal framework to promote the development of real estate investment trusts (REITs) to add capital to the property market while bank credit and corporate bond issuance were being tightened.

How much can doctoral degree holders earn in Vietnam?

A monthly income of VND8 million revealed by a lecturer at the Hanoi National University has stirred up the public.

Joining world logistics passport to facilitate VN's trade

Joining the world logistics passport (WLP) initiative could help enterprises reduce logistics costs and increase competitiveness for exports.

Vietnamese female director’s film project invited to Cannes Film Festival

Tam van phong dao (Knife Throwing Board ) of female director Nguyen Phan Linh Dan is the only developing film project from Southeast Asia invited to attend La Fabrique at the 2022 Cannes Film Festival scheduled to take place from 17 to 28 May 2022.

Real estate brokers scramble to get licences to avoid big fines

The number of real estate brokers flocking to get licences to avoid punishment has skyrocketed.

Experts argue about history requirement, teachers and students wait for decision

History teachers and headmasters of high schools said they are impatient to know the results of the arguments about the teaching of history as the new academic year nears.

Japan to welcome back foreign tourists but not from Vietnam

The Japan National Tourism Organization (JNTO) announced that the Japanese Government had decided to welcome back international visitors from June 10, but Vietnamese will still be restricted from traveling to Japan.

Glass-walking bridge in Moc Chau wins Guinness world record

The Guinness World Records has announced that the Bach Long (White Dragon) glass walking bridge in Vietnam's northern province of Son La is the world's longest glass-bottomed bridge.

VIETNAM NEWS HEADLINES MAY 29

Tan Son Nhat airport flights delayed due to rain
back_to_top