Gas price today April 22: Increased by more than 1.5%

Recorded on Oilprice.com at 08:40 on April 22, 2025 (Vietnam time), world natural gas prices increased sharply by 1.53% (equivalent to an increase of 0.046 USD) to 3,062 USD/mmBTU at the time of survey.

Source: Oilprice.com

It’s no secret that energy is the first commodity group to be affected by the US-China trade war. Exports of propane, a key ingredient in petrochemical production, have hit record highs thanks to soaring demand from Asia, especially China. In 2024 alone, US propane exports to China are expected to increase by 40%.

But the tariff tensions have spilled over into this group of products. China recently added propylene, a petrochemical product derived from propane, to its retaliatory tariff list, causing propane prices in the US to fall by 15%. Freight rates have also plummeted.

It is worth noting that unlike LNG or crude oil, propane is almost irreplaceable in the US-China trade relationship. China currently owns a large petrochemical capacity, accelerating the transition from fuel to fine chemicals, while the US does not have many alternative markets outside of China.

China is now the second-largest importer of propane and imports nearly half of all US ethane exports globally. While Canada has emerged as a potential alternative source, reshaping trade flows will not be easy in the short term.

At home, American consumers may benefit from shrinking export markets, and a surplus of propane will drive down heating prices. But in the long run, it is a reminder of how deeply intertwined energy trade is with global industrial strategy.

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-22-4-tang-hon-1-5-250194.html