Gas price continues to fall

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The Sai Gon Petro Company reduced the retail price of a 12kg cooking gas canister in Ho Chi Minh City by VND20,500 (US$0.92) to touch VND257,000 ($11.55) on February 1.

The gas price falls VND20,500 (US$0.92) to touch VND257,000 on February 1. — Photo tieudungplus.vn

HA NOI (Biz Hub) — The Sai Gon Petro Company reduced the retail price of a 12kg cooking gas canister in Ho Chi Minh City by VND20,500 (US$0.92) to touch VND257,000 ($11.55) on February 1.

The other major gas distributors are now selling 12kg cooking gas canisters for VND264,500 ($11.89) to VND268,000 ($12.05).

According to gas companies, the price cut followed a fall in the average imported gas prices by $67.5 to $300 per tonne in February 2016.

This is the second time gas prices have fallen this year. On January 1, the gas price was reduced by VND31,000 ($1.39) due to a slump in global gas prices. — VNS

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