Petron Corp. on Friday announced it will cut the price of its cooking gas by P6.25 per kilo, or P68.75 per 11-kilo tank, effective June 1 to reflect the lower contract price of liquefied petroleum gas or LPG in the world market.
“Petron will implement a P6.25 per kg rollback in LPG prices effective at 12:01 a.m. June 1,” the oil firm said in its advisory. Petron markets the Gasul brand nationwide.
“Auto LPG will likewise decrease by P3.45 per liter at the same time. These reflect the international price of LPG for the month of June,” the firm said.
This is the second price rollback after the firms cut the price of LPG last May 1 by P0.20 per kilo or equivalent to P2.20 per 11-kilo tank.
Other oil companies are expected to implement the big-time LPG rollback but have not issued price announcements as of press time.
Prior to the increase, an 11-kilo LPG tank sold from P613.50 to P798 in Metro Manila.
Gasoline sells from P50.85 to P61.96 per liter, diesel from P41.10 to P49.74 per liter and kerosene from P47.92 to P55.65 per liter.
The oil firms adjust LPG prices monthly, while gasoline, diesel and kerosene prices are adjusted every Tuesday.
READ: Energy issues circular on unbundling of petroleum product prices
