Tag Archives: prices

Beer Drinkers Post-Halloween Hangover Risk Reduced as Prices Rise in Laos

Beer price on rise

Beer drinkers beware this Halloween!

Lao Brewery Company announced wholesale price increases to retailers of its flagship beverage Beerlao on Monday, October 29.

Suppliers and retailers were notified of the price increases for the popular beverage being implemented to offset higher production and distribution costs, according to the company’s public statement to its retail customers and distributors.

Lao Brewing Company announces price rises.

BeerLao price increases announced from October 29, 2018.

The noticed informed suppliers:

As inflation and production costs continue to rise, Beerlao has issued a new wholesale price, which limits the price of beer.

All customers and agents must comply strictly with the prices set to ensure that there is no impact on customers and consumers in the market.

Inflation pressures as currency, fuel oil price pressures bite manufacturers, distributors, consumers of products (including beer)

As usual, price rises in popular commodities can leave a bitter taste.

The impact is usually felt most by those folks persevering on the lower end of the socio-economic spectrum, while those consumers at the more prosperous demographics with a taste for the ever-popular brew should hardly be discouraged.

Price rises may be unlikely to deter many committed drinkers in either camp.

Regardless, those who enjoy the famed beverage can expect to pay more, particularly if retailers pass on the rises in the form of pricier (and less regulated) individual bottle or draft beer sales at the counter.

Price rises announced included:

Crates of Beerlao 640ml up from 90,000 kip to 93,000 kip per unit. Retail sale price of 108,000 kip.

Boxes of Beerlao 640ml up from 94,000 Kip to 97,000 Kip. Retail sale price of 103,000 Kip.

Boxes of Beerlao 330 ml bottles from 105,000 Kip to 115,000 Kip. Retail sale price of 125,000 Kip.

Boxes of Dark Lager Beerlao 330 ml bottles from 135,000 kip to 145,000 kip. Retail sale price of 155,000 kip.

Crates of Lane Xang Beer 640 ml up from 55,000 kip to 60,000 kip. Retail sale price of 75,000 kip.

Draft Beerlao rises from 11,000 kip per litre to 11,500 kip per litre. (Retail price not specified.)

 

Beer price on rise

Lao Brewery Company, the producer of Beerlao, announces price rises from October 29 to cover input costs, inflationary pressures.

Lao Fuel Prices Rise Again in 2017

Lao Fuel Price Increases in 2017

Lao fuel prices increased for the first time this year on January 20, in line with increases on the world market.

The Ministry of Industry and Commerce announced the price increase this week, on the heels of two price increases last month.

Below are increased prices for fuel in each province around the country:

 

Province Regular / Litre Premium / Litre Diesel / Litre
Vientiane Capital 7,820 kip 8,820 kip 6,860 kip
Vientiane Province 7,820 kip 8,820 kip 6,860 kip
Khammouane 7,850 kip 8,850 kip 6,890 kip
Savannakhet 7,850 kip 8,850 kip 6,890 kip
Champasack 7,880 kip 8,880 kip 6,920 kip
Bokeo 7,920 kip 8,920 kip 6,960 kip
Borikhamxay 7,940 kip 8,820 kip 6,980 kip
Xieng Khouang 8,010 kip 9,280 kip 7,050 kip
Salavanh 8,030 kip 8,850 kip 7,070 kip
Attapeu 8,060 kip 8,880 kip 7,100 kip
Xaysomboune 8,060 kip 8,880 kip 7,100 kip
Xekong 8,060 kip 8,880 kip 7,100 kip
Xayaboury 8,220 kip 9,280 kip 7,260 kip
Houaphan 8,220 kip 9,280 kip 7,260 kip
Oudomxay 8,270 kip 8,820 kip 7,310 kip
Luang Prabang 8,280 kip 9,280 kip 7,320 kip
Phongsaly 8,550 kip 8,820 kip 7,590 kip
Luang Namtha 8,810 kip 8,280 kip 7,220 kip

 

Lao Fuel Imported From Shell Oil

Meanwhile, Petrovietnam (PV) Oil Lao Co., Ltd, a member of Petrovietnam Oil Corporation, continues to import fuel from the Shell Oil Company of Thailand, for supply to the Lao market.

The two companies signed a contract extension agreement in Vientiane Capital last week.

The signing ceremony was to help promote the supply of EURO4 fuel, which meets local and international standards, for service to the public, signifying a strong relationship between both companies for the supply of quality Lao fuel.

Petrovietnam Oil Corporation (PV OIL) completed the purchase of all shares of Societe Shell du Lao, taking full ownership in December 2010.

Vegetable Prices Increased over New Year

Lao vegetable prices

Vegetable prices rose over the new year holiday period, while the market price of meat remained steady.

Each new year, the prices of vegetables including onions, mint, coriander, tomatoes, morning glory, Chinese cabbage, and lettuce tend to increase due to a shortage in supply.

Although a request has been made by the Vientiane Industry and Commerce Department for local authorities to take responsibility for price controls, many vendors continued to flagrantly take advance of the situation. These vendors understand that demand is higher than usual during holiday periods, and supply is lower, meaning they can charge higher rate and earn an extra profit.

Authorities have said they will ensure prices return to normal after the holiday season when vendors return to their market stalls.

During the new year weekend, the prices of coriander and onions increased to 10,000 kip per kilogram, while lettuce rose to 8,000 kip per kilogram, and other produce including melons, limes, and tomatoes hit 6,000 kip per kilogram.

These price hikes were reported at Phontong market, in Chanthabouly District, and Nonkhor and Khuadin markets in Saysettha District. Other markets around Vientiane likely increased their prices too.

Fortunately, meat prices are stable as the government strictly controls them, while vegetables are not included in the price control list and therefore fluctuates according to demand.

This season typically sees a lower price for vegetables as farmers can grow more, versus the rainy season when farming of certain vegetables is more difficult.

 

 

No Stop To Rising Fuel Prices in Laos

The Ministry of Industry and Commerce has announced a fuel price increase across the country to match the rise in fuel prices on the world market, to take effect from yesterday.

This is the second fuel price hike this month, with the first occurring on December 15.

In Vientiane the cost of premium grade petrol has increased to 8,620 kip per litre, regular petrol is now 7,620 kip a litre, and diesel is 6,660 kip a litre.

In Phongsaly province, the price of regular petrol is now 8,350 kip a litre, while diesel has increased to 7,390 kip.

In Luang Namtha province, the price of regular petrol has increased to 7,980 kip with diesel increasing to 7,020 kip.

In Oudomxay province, regular petrol will now cost motorists 8,070 kip a litre and diesel 7,110 kip a litre.

In Bokeo province, the cost of premium grade petrol is now 8,720 kip, while regular petrol is 7,720 kip, and diesel 6,760 kip a litre.

In Luang Prabang province, the cost of premium grade petrol has increased to 9,080 kip a litre, regular petrol is now 8,080 kip, and diesel has increased to 7,120 kip a litre.

In Huaphan and Xayaboury provinces, the price of regular petrol is now 8,020 kip while diesel has jumped to 7,060 kip a litre.

In Xieng Khuang province, the price of regular petrol has increased to 7,810 kip with diesel now costing 6,850 kip a litre.

In Vientiane province, the pump price of premium grade petrol is now 8,620 kip a litre, while regular is 7,620 kip, and diesel 6,660 kip a litre.

In Borikhamxay province, the price of petrol has increased to 7,740 kip and diesel is now 6,780 kip a litre.

In Khammuan and Savannakhet provinces, the cost of a litre of premium grade petrol has jumped to 8,650 kip, while regular petrol is now 7,650 kip, and diesel is 6,690 kip a litre.

In Saravan province, regular petrol is now 7,830 kip a litre with diesel costing 6,870 kip.

In Champassak province, the price of premium is 8,680 kip a litre, regular petrol is 7,680 kip, and diesel 6,720 kip a litre.

In Xekong, Attapeu, and Xaysomboun provinces, the price of regular petrol has increased to 7,860 kip a litre and diesel now costs 6,900 kip a litre.

Source: Vientiane Times

Fuel Prices Rise…Yet Again

The Ministry of Industry and Commerce has announced that fuel prices have increased across the country as of yesterday (December 15) in line with changes on the world market.

In Vientiane Capital, the cost of premium grade petrol has increased to 8,560, regular petrol is now 7,560 kip a litre, and diesel is 6,560 kip a litre.

In Phongsaly province, the price of regular petrol is now 8,290 kip a litre, while diesel has increased to 7,290 kip a litre.

In Luang Namtha province, the price of regular petrol has increased to 7,920 kip a litre with diesel increasing to 6,920 kip a litre.

In Oudomxay province, regular petrol will now cost motorists 8,010 kip a litre and diesel 7,010 kip a litre.

In Bokeo province, the cost of premium grade petrol is now 8,660 kip, while regular petrol is 7,660 kip and diesel 6,660 kip a litre.

In Luang Prabang province, the cost of premium grade petrol will set vehicle owners back 9,020 kip a litre, regular petrol is now 8,020 kip, and diesel has increased to 7,020 kip a litre.

In Huaphan and Xayaboury provinces, the price of regular petrol is now 7,960 kip and diesel has jumped to 6,960 kip a litre.

In Xieng Khuang province, the price of regular petrol has increased to 7,750 kip with diesel costing 6,750 kip a litre.

In Vientiane province, the pump price of premium grade petrol is now 8,560 kip a litre, while regular is 7,560 kip, and diesel 6,560 kip a litre.

In Borikhamxay province, the price of petrol has increased to 7,680 kip and diesel is now 6,680 kip a litre.

In Khammuan and Savannakhet provinces, the cost of a litre of premium has jumped to 8,590 kip, while regular petrol is now 7,590 kip and diesel 6,590 kip a litre.

In Saravan province, regular petrol is now 7,770 kip a litre with diesel costing 6,770 kip a litre.

In Champassak province, the price of premium is 8,620 kip a litre, regular petrol is 7,620 kip and diesel 6,620 kip a litre.

In Xekong, Attapeu, and Xaysomboun provinces, the price of regular petrol has increased to 7,800 kip a litre and diesel is now costing 6,800 kip a litre.

Source: Vientiane Times

Fuel Prices Rise Again

The Ministry of Industry and Commerce on Tuesday announced that fuel prices would rise across the country as from yesterday.

In Vientiane the cost of premium grade petrol will rise from 8,350 kip to 8,500 a litre, regular petrol will increase in price from 7,350 kip to 7,500 kip a litre, and diesel will go up from 6,210 kip to 6,460 kip a litre.

In Phongsaly province, petrol will rise in price from 8,080 kip to 8,230 kip a litre, while diesel will increase from 6,940 kip to 7,190 kip a litre.

In LuangNamtha province, petrol will increase from 7,710 kip to 7,860 kip a litre and diesel will go up from 6,570 kip to 6,820 kip a litre.

In Oudomxay province, petrol will increase in price from 7,800 kip to 7,950 kip a litre and diesel will rise from 6,660 kip to 6,910 kip a litre.

In Bokeo province, the price of premium grade petrol will increase from 8,450 kip to 8,600 kip, while regular petrol will go up from 7, 450 kip to 7,600 kip a litre. Diesel will rise from 6,310 kip to 6,560 kip a litre.

In LuangPrabang province, premium grade petrol will rise from 8,810 kip to 8,960 kip a litre, regular petrol from 7, 810 kip to 7,960 kip, and diesel from 6, 670 kip to 6,920 kip a litre.

In Huaphan and Xayaboury provinces, petrol will rise in price from 7,750 kip to 7,900 kip and diesel will jump from 6,610 kip to 6,860 kip a litre.

In XiengKhuang province, petrol will rise from 7,540 kip to 7,690 kip and diesel from 6,400 kip to 6,650 kip a litre.

In Vientiane province, premium grade petrol will go up from 8,350 kip to 8,500 kip a litre, regular petrol will rise from 7,350 kip to 7,500 kip, and diesel will increase from 6,210 kip to 6,460 kip a litre.

In Borikhamxay province, petrol will increase from 7,470 kip to 7,620 kip and diesel from 6,330 kip to 6,580 kip a litre.

In Khammuan and Savannakhet provinces, premium petrol will rise in price from 8,380 kip to 8,530 kip, regular petrol from 7,380 kip to 7,530 kip, and diesel from 6, 240 kip to 6,490 kip a litre.

In Xekong, Attapeu, and Xaysomboun provinces, petrol will increase from 7,590 kip to 7,740 kip and diesel from 6,450 kip to 6,700 kip a litre.

In Champassak province, premium petrol will rise in price from 8, 410 kip to 8,560 kip, regular petrol from 7,410 kip to 7,560 kip, and diesel from 6,270 kip to 6,520 kip a litre.

 

Source: Vientiane Times

Capital Apartment Prices, Rents to Ease Next Year

Apartment sales prices and rents in Vientiane are expected to decrease by around 5 percent next year as more developments come onto the market, according to a leading operator in the sector.

Fisherman Struggling with Seasonal Lower Prices

Lao fishermen, fish farmers and market traders are battling lower fish prices this rainy season as overall market supply has increased.