Gas suppliers reduce prices for 12-kilo canisters

The country's biggest gas suppliers, Petrovietnam Gas and Saigonpetro Gas, have decided to reduce gas prices by VND12,000 (US$0.57) for a 12-kilo canister.

The new price took effect on Friday. The decision was made after consumers complained that gas traders had increased the price three times in one month.

Traders claimed the price hikes were due to higher global fuel prices. Early this month, traders began charging an additional VND42,000 (US$2) for a 12-kilo canister.

The information that the global gas price had increased by US$145 per tonne shocked local consumers because in less than two months, domestic gas prices rose by VND74,000 per 12-kilo canister.

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