Gas price today April 14: Continue to decrease

World market

Recorded on Oilprice.com at 10:17 a.m. on April 14, 2025 (Vietnam time), world natural gas prices continued to fall sharply by 1.33% (equivalent to a decrease of 0.049 USD) to 3,478 USD/mmBTU at the time of survey.

Source: Oilprice.com

This is the second consecutive downward adjustment session, after the market experienced a strong recovery in the first week of April. Analysts said this adjustment mainly comes from seasonal factors and expectations of increased inventories.

The three main causes of downward pressure on prices include:

Demand fell due to warmer spring weather in the Northern Hemisphere, causing a significant drop in gas use for heating.

Gas inventories in the US and Europe are forecast to exceed multi-year averages, creating a short-term oversupply mentality.

The US dollar strengthened against a basket of major currencies, putting downward pressure on prices of dollar-denominated commodities, including natural gas.

However, in the long term, natural gas prices are still significantly higher than in the same period in 2024, when they averaged only $2.3-$2.6/MMBtu in the second quarter of last year. This shows that the market is still affected by geopolitical fluctuations, production policies from Russia and the Middle East, along with the energy transition in Europe.

Domestic gas prices

According to the records of PV Thuong Truong, the domestic gas price in April did not change compared to the selling price in March because the average world gas price contract in April did not change compared to the previous month.

Specifically, the retail price of Petrolimex gas cylinders (including VAT) in April 2025 in the Hanoi market is 457,400 VND/12 kg household cylinder; 1,829,600 VND/48 kg industrial cylinder, unchanged compared to the selling price in March.

Similarly, according to the announcement from Southern Gas Trading Joint Stock Company (Gas South), domestic retail gas prices in April for the Company's brands including: Gas Dau Khi, VT-Gas, A Gas, JP Gas, Dak Gas and Dang Phuoc Gas remained unchanged compared to March 2025.

Specifically, the retail gas price to consumers is 475,400 VND/12kg cylinder and 1,784,111 VND/45kg cylinder (including VAT), applicable to the Eastern and Western regions of the South.

According to a representative of Petrolimex Gas Corporation, the gas price in April remained unchanged compared to March because the average world gas price contract in April was at 610 USD/ton, unchanged compared to March, so the Gas Corporation did not make any price adjustments.

Since the beginning of the year, gas prices have decreased twice and remained unchanged twice.

Source: https://baodaknong.vn/gas-price-hom-nay-14-4-tiep-tuc-giam-249299.html