HCMC – The local market has recorded its fifth consecutive month of cooking gas price slumps after it was revised down by VND7,000 to VND423,500 per 12-kilogram cylinder starting today, September 1.
The domestic cooking gas price from May to September declined by a total of VND92,500 per 12-kilogram cylinder, reported the local media.
According to a representative of Saigon Petro, a major fuel distributor based in HCMC, the cooking gas price in September declined after global suppliers announced that fuel prices dipped by US$25 against the previous month at an average of US$640 per ton.
The local gas price has been moving on par with the global trend.
Domestic supply satisfies some 60% of local demand.