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Thursday, December 5, 2024

LPG prices to go down P0.40/kg

The country’s oil firms will cut the price of liquefied petroleum gas (LPG) by as much as P0.40 per kilo or P4.40 per 11-kilo tank effective today, July 1, to reflect the movement in the contract price of LPG in the world market.

“Petron will implement a P0.40 per kg rollback (VAT-inclusive) in LPG prices. AutoLPG prices will likewise rollback by P0.22/li at the same time. These reflect the international contract price of LPG for themonth of July,” Petron Corp. said in its advisory.

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Solane also cut LPG prices by P0.36 per kg.

Before this adjustment, cooking gas was sold from P840 to P1,027 per 11-kilo tank in Metro Manila.

Meanwhile, initial data gathered by the Department of Energy (DOE) for the Monday to Wednesday global trading days showed a possible increase of P0.76 per liter for gasoline but a price rollback for diesel and kerosene by P1.91 per liter and P2.19 per liter, respectively.

On June 28, the oil companies implemented a price increase in domestic oil products. Gasoline went up by P0.50 per liter, diesel by P1.65 per liter, and kerosene by P0.10 per liter.

These resulted in the year-to-date adjustments at a net increase of P30 per liter for gasoline, P45.90 per liter for diesel, and P39.75 per liter for kerosene.

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