Two major gas companies of Vietnam, Petro Vietnam Gas and Saigon Petro, have decided to lower the retail price on a 12 kilogram cooking gas cylinder by VND10,000-12,000 from Friday.
|Saigon Petro and Petro Vietnam Gas companies have slashed retail prices on a 12 kg cooking gas cylinder (Photo: SGGP)|
As of 7.30 am today, Saigon Petro will slash price on a 12kg gas cylinder by VND10,000 which now will cost VND415,000.
Similarly, Petro Vietnam will decrease price by VND12,000 to fix retail price at VND416,000.
Le Thi Anh Man, deputy director of Saigon Petro said that although the import price of gas was still high, her company had decided to slash retail rates to share the burden with consumers.
The move is in response to a joint appeal by the Ho Chi Minh City Party Committee as well as the Vietnam Gas Association, said Man.