{"id":1380,"date":"2025-07-28T04:36:52","date_gmt":"2025-07-28T04:36:52","guid":{"rendered":"https:\/\/hiroshima-energysupply.com\/?p=1380"},"modified":"2025-08-12T12:35:18","modified_gmt":"2025-08-12T12:35:18","slug":"yeu-to-anh-huong-den-gia-lgp","status":"publish","type":"post","link":"https:\/\/hiroshima-energysupply.com\/en\/yeu-to-anh-huong-den-gia-lgp\/","title":{"rendered":"Factors affecting LPG prices \u2013 Latest update 2025 | Hiroshima Energy Supply"},"content":{"rendered":"

1. Overview<\/strong><\/h3>\r\n

LPG (liquefied petroleum gas) prices are not fixed but change according to many economic, political and market factors. Understanding the reasons helps Vietnamese businesses proactively plan purchases, sign contracts and optimize operating costs.<\/p>\r\n\r\n\r\n

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2. International factors strongly affect LPG prices<\/strong><\/h3>\r\n

2.1 World crude oil prices<\/strong><\/h4>\r\n

LPG is a by-product of crude oil refining, so LPG prices often fluctuate in the same direction as Brent or WTI prices.<\/strong>.<\/p>\r\n\r\n

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    When oil prices rise<\/strong> (due to war, OPEC cut production), LPG price increased accordingly.<\/p>\r\n<\/li>\r\n \t

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    For example<\/em>: At the end of 2022, the Russia-Ukraine conflict caused oil prices to skyrocket, causing LPG prices to increase by 20-30%.<\/p>\r\n<\/li>\r\n<\/ul>\r\n

    2.2 Geopolitical situation \u2013 war<\/strong><\/h4>\r\n

    Large LPG production and transit areas such as Middle East, Russia, Red Sea<\/strong> If a conflict occurs:<\/p>\r\n\r\n

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      Supply disruption<\/p>\r\n<\/li>\r\n \t

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      Increased logistics costs \u2192 LPG prices increase<\/p>\r\n<\/li>\r\n<\/ul>\r\n

      2.3 Policies from OPEC and major producing countries<\/strong><\/h4>\r\n

      The increase\/decrease in output from Saudi Arabia, Qatar, USA, Russia\u2026<\/strong> will directly affect the supply-demand balance, causing LPG prices to fluctuate strongly.<\/p>\r\n\r\n

      2.4 Foreign exchange rates (especially USD)<\/strong><\/h4>\r\n

      LPG is traded mainly in USD. When the USD strengthens against VND, LPG import prices will increase even if international prices remain unchanged.<\/p>\r\n\r\n

      2.5 Transportation costs \u2013 logistics<\/strong><\/h4>\r\n

      Increasing shipping, container and fuel prices will push up the price of imported LPG, especially if the route is closed. Suez<\/strong> or Hormuz<\/strong> interrupted<\/p>\r\n\r\n\r\n

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      3. Market & demand factors<\/strong><\/h3>\r\n

      3.1 Season \u2013 weather<\/strong><\/h4>\r\n
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        Winter at Europe, China, Korea<\/strong> \u2192 heating demand increases \u2192 LPG price increases.<\/p>\r\n<\/li>\r\n \t

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        El Nino phenomenon, drought \u2192 gas demand in food production and processing increases.<\/p>\r\n<\/li>\r\n<\/ul>\r\n

        3.2 Economic growth \u2013 consumption<\/strong><\/h4>\r\n
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          Economic recovery \u2192 industrial production, household consumption increase \u2192 LPG price increases.<\/p>\r\n<\/li>\r\n \t

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          Economic recession \u2192 demand decreases \u2192 LPG prices may decrease.<\/p>\r\n<\/li>\r\n<\/ul>\r\n

          3.3 Environmental policy \u2013 clean energy<\/strong><\/h4>\r\n

          Switching to electricity, hydrogen, solar energy\u2026 is possible Long-term reduction in LPG demand<\/strong>, creating downward pressure on prices.<\/p>\r\n\r\n\r\n

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          4. Domestic factors (in Vietnam)<\/strong><\/h3>\r\n

          4.1 Taxes \u2013 import fees and reserves<\/strong><\/h4>\r\n

          Import taxes, environmental protection fees, storage costs, etc. directly affect the retail price of LPG.<\/p>\r\n\r\n

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            The government increases taxes \u2192 domestic LPG prices increase immediately.<\/p>\r\n<\/li>\r\n<\/ul>\r\n

            4.2 Domestic supply and inventory<\/strong><\/h4>\r\n

            Vietnam still depends heavily on imported LPG, so if supplies are disrupted or inventories are low, prices can fluctuate sharply.<\/p>\r\n\r\n\r\n

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            5. Summary table of factors affecting LPG prices<\/strong><\/h3>\r\n
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            \r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n
            Group of elements<\/th>\r\nCause price increase<\/th>\r\nCause a discount<\/th>\r\n<\/tr>\r\n<\/thead>\r\n
            Crude oil prices rise<\/td>\r\n\u2705<\/td>\r\n<\/td>\r\n<\/tr>\r\n
            War, conflict<\/td>\r\n\u2705<\/td>\r\n<\/td>\r\n<\/tr>\r\n
            Winter, high demand<\/td>\r\n\u2705<\/td>\r\n<\/td>\r\n<\/tr>\r\n
            USD price increase<\/td>\r\n\u2705<\/td>\r\n<\/td>\r\n<\/tr>\r\n
            Renewable energy development<\/td>\r\n<\/td>\r\n\u2705<\/td>\r\n<\/tr>\r\n
            Global economic recession<\/td>\r\n<\/td>\r\n\u2705<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n
            \r\n
            <\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n\r\n
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            Conclude<\/strong><\/h3>\r\n

            Understanding the factors affecting LPG prices will help businesses Proactively contract, manage inventory and optimize energy costs<\/strong>.
            With commitment \u201cProviding safe \u2013 stable \u2013 economical LPG\u201d<\/strong>Hiroshima Energy Supply always updates market developments to bring optimal solutions to customers.<\/p>","protected":false},"excerpt":{"rendered":"

            1. T\u1ed5ng quan Gi\u00e1 LPG (kh\u00ed d\u1ea7u m\u1ecf h\u00f3a l\u1ecfng) kh\u00f4ng c\u1ed1 \u0111\u1ecbnh m\u00e0 thay \u0111\u1ed5i theo nhi\u1ec1u y\u1ebfu t\u1ed1 kinh t\u1ebf, ch\u00ednh tr\u1ecb v\u00e0 th\u1ecb tr\u01b0\u1eddng. Vi\u1ec7c n\u1eafm r\u00f5 nguy\u00ean nh\u00e2n gi\u00fap doanh nghi\u1ec7p Vi\u1ec7t Nam ch\u1ee7 \u0111\u1ed9ng l\u1eadp k\u1ebf ho\u1ea1ch mua h\u00e0ng, k\u00fd h\u1ee3p \u0111\u1ed3ng v\u00e0 t\u1ed1i \u01b0u chi ph\u00ed v\u1eadn h\u00e0nh. 2. […]<\/p>","protected":false},"author":1,"featured_media":1290,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[],"class_list":["post-1380","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-thong-tin-chuyen-nganh"],"_links":{"self":[{"href":"https:\/\/hiroshima-energysupply.com\/en\/wp-json\/wp\/v2\/posts\/1380","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hiroshima-energysupply.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hiroshima-energysupply.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hiroshima-energysupply.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hiroshima-energysupply.com\/en\/wp-json\/wp\/v2\/comments?post=1380"}],"version-history":[{"count":4,"href":"https:\/\/hiroshima-energysupply.com\/en\/wp-json\/wp\/v2\/posts\/1380\/revisions"}],"predecessor-version":[{"id":1396,"href":"https:\/\/hiroshima-energysupply.com\/en\/wp-json\/wp\/v2\/posts\/1380\/revisions\/1396"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hiroshima-energysupply.com\/en\/wp-json\/wp\/v2\/media\/1290"}],"wp:attachment":[{"href":"https:\/\/hiroshima-energysupply.com\/en\/wp-json\/wp\/v2\/media?parent=1380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hiroshima-energysupply.com\/en\/wp-json\/wp\/v2\/categories?post=1380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hiroshima-energysupply.com\/en\/wp-json\/wp\/v2\/tags?post=1380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}