March gas price down
March gas price down
From Wednesday, cooking gas price is down by VND4,500 (US$0.2) per 12kg canister compared with February 2017, distributors and retailers in HCM City said.
Accordingly, the retail price for end consumers from large companies, such as PetroVietnam Gas JSC, Liquefied Gas Company Limited Vietnam, Saigon Petro Co Ltd. and Vietnam National Petroleum Group, will fluctuate at some VND330,000 to VND340,000 per 12kg canister.
According to distributors, the reason for a drop in domestic March gas price is the recent announcement of a decrease in world gas price in March, down by $15 per tonne to $540 per tonne compared with February 2017.
To ensure consumers benefit and market regulations are followed, domestic businesses have adjusted the gas price in line with the decrease in world gas price.
The new price will take effect on Wednesday.
Distributors, retailers and consumers in HCM City and other southern provinces and cities have been informed of the decrease in price.
