Domestic retail gas prices fall

Retail cooking gas prices decreased by VND43,000 ($2) to between VND443,000-VND450,000 ($21-21.4) per 12kg canister, as of yesterday in HCM City and surrounding cities and provinces.

Do Trung Thanh, deputy head of the Business Department of Saigon Petro attributed the decreased cooking gas price to the reduced global price, noting that gas is being sold internationally at $1,015 per tonne in January 2014, down $147.5 since last month.

There was a sudden rise in domestic gas prices in December 2013 by VND80,000 to VND485,000 per 12kg canister beginning December 1, posting a record high since February 2012, according to the Viet Nam Gas Association (VGA).

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