Sharp fall in cooking gas prices

Sharp fall in cooking gas prices

Gas prices have been cut by VND31,000 (USD1.46) per 12-kilo canister beginning March 1, a company official said.

Gas prices drop Do Trung Thanh, deputy head of Saigon Petro's Business Department said that the price reduction means that a 12-kilo gas canister will be priced at VND399,000 (USD18.18).

This is the third consecutive price cut came after a spike last December. The cut comes after some volatility in the market.

According to Thanh, the price cut is a result of a fall in wholesale imported gas prices in March.

The price fall was expected by gas traders since mid-February because of the dip in the international market, he added.

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