Saigon Petrol’s gas prices will be cut by VND24,000 per 12-kg cylinder from today (April 1) against early March, the biggest decrease so far this year, said a firm official.
Price decrease will offer a retail price level of VND381,000 per 12-kg cylinder canister in April
Do Trung Thanh, Deputy Sales Manager of Saigon Petrol, said the price decrease will offer a retail price level of VND381,000 (USD18.14) per 12-kg cylinder canister in April.
“The import price in April was cut to USD812.5 per tonne, which is down USD82.5 from March,” Thanh said.
Earlier, gas wholesalers predicted that gas prices this month would take a sharp fall as much as USD100 per tonne or more compared to early March.
This is the fifth consecutive cut in gas prices this year.
In March, gas prices were also cut by VND4,000 per 12-kg cylinder; meanwhile the fall was VND13,000 in February and VND7,000 in January.
MT Gas Company reduced their retail prices for a 12-kg canister to VND380,000, and Pacific Petro also decreased their prices to VND24,000 per 12-kg canister.