Retail gas price falls on New Year Day

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The retail price of a 12kg canister of cooking gas in HCM City dropped sharply by VND31,000 (US$1.38) yesterday morning, or VND20,000 ($0.9) lower than the same period last year.

Gas price drops in HCM City. — Photo baomoi.vn

HCM CITY — The retail price of a 12kg canister of cooking gas in HCM City dropped sharply by VND31,000 (US$1.38) on January 1, or VND20,000 ($0.9) lower than the same period last year.

The major gas distributors in the southern region are now selling 12kg cooking gas canisters for VND275,000 ($12.20) to VND280,000 ($12.40) after they announced the price cut on December 31.

Head of Saigon Petro Company's Trade Department Tran Van Phúc said the reduction followed the fall in world gas prices by $100 to $367 per tonne for January 2016.

Over the last four months, the price of cooking gas kept rising with an average increase of VND13,000 ($0.58) per month.

Last year, the price of cooking gas was revised 12 times, including five price hikes. — VNS


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