Gas price 4/10/2025: World price slightly decreased, domestic price remained high

Gas price today 4/10/2025 on the world market recorded a slight decrease, while domestic retail gas price in April continued to be stable. Global supply and demand fluctuations are putting considerable pressure on price trends in the coming time.

World gas price today 4/10: Gently adjusted in the tug-of-war zone

According to the latest update at 10:14 am (Vietnam time) on 4/10/2025, the May 2025 natural gas futures contract (code NGK5) on the New York Stock Exchange (CFD) recorded 3.717 USD/MMBtu, down 0.019 USD, equivalent to -0.51% compared to the previous trading session.

This is the next slight decrease after the technical recovery on April 9. Investors assess that natural gas prices have not been able to break out strongly due to many conflicting factors, including stable production in the US, abundant inventories and warmer-than-expected weather in Europe.

However, on the contrary, tensions in the Middle East and production restrictions at some Asian refineries are creating a slight support for the energy market, including liquefied natural gas (LNG).

Domestic gas prices in April 2025: Still increasing since the beginning of the month

Meanwhile, domestic gas prices in April 2025 still maintain the upward adjustment from April 1. According to announcements from key enterprises such as Petrolimex Gas, PV GAS, Saigon Petro:

Petrolimex Gas: VND 428,000/12kg cylinder (up VND 7,000 compared to March)

SP Gas (Saigon Petro): VND 427,000/12kg cylinder

Petroleum Gas (PV Gas): VND 429,000/12kg cylinder

This adjustment mainly comes from the world price movement in the last week of March, when the LPG gas contract price on the CP market (Contract Price – announced by the Arab Aramco Group) increased slightly to USD 587.5/ton.

A representative of a gas company in Ho Chi Minh City commented: “Although world prices have shown signs of adjustment this week, because the CP contract was finalized at the end of March, domestic gas prices in April are unlikely to change suddenly. If world gas prices continue to fall sharply, there is a high possibility that there will be a new decrease in early May.”

Forecasting gas price trends in the coming time: Will there be any sudden changes?

Energy experts believe that gas prices in April may fluctuate within a narrow range as the market has not yet seen any clear boosts in supply or demand.

Regarding supply: The US and Qatar – the two largest LNG suppliers in the world – are both maintaining high output, with no signs of disruption due to weather or technology.

Regarding demand: The European region is entering the spring period – the season with the lowest gas consumption of the year, while Asian countries such as China and Japan are still consuming at low levels due to abundant reserves.

One factor to watch is the return of the Chinese market after the upcoming long holiday. If industrial demand in the country rebounds strongly, gas prices could rebound unexpectedly in the second half of April.