Illustrative image (Source: VNA)
Hanoi (VNA) - The Saigon Petro Company on February 1 reduced the retail price of a 12kg cooking gas canister in HCM City by 20,500 VND (0.92 USD) to 257,000 VND (11.55 USD).

The other major gas distributors are now selling 12kg cooking gas canisters for 264,500 VND (11.89 USD) to 268,000 VND (12.05 USD).

According to gas companies, the price cut followed a fall in the average imported gas price by 67.5 USD to 300 USD per tonne in February 2016.

This is the second time gas prices have fallen this year.

On January 1, the gas price was reduced by 31,000 VND (1.39 USD) due to a slump in global gas prices.-VNA