11-kg LPG price slashed by P105

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Petron Corp., the country’s biggest oil refiner and retailer, has slashed the price of cooking gas by P8.50 per kilogram, excluding value-added tax, effective Sunday.

This means that the price of an 11-kg cylinder of liquefied petroleum (LPG) has gone down by P105.

According to Petron, the hefty price rollback was due to the drop in the international contract price of LPG for April.

Petron likewise cut the price of auto-LPG by P5.32 per liter effective also today.

Other LPG retailers have yet to announce their respective adjustments.

Fernando Martinez, chairman of the Independent Philippine Petroleum Companies Association, earlier said the decline in LPG prices could be attributed to high global inventories, resulting in an oversupply of the fuel. Amy R. Remo

Inquirer Viber

Disclaimer: The comments uploaded on this site do not necessarily represent or reflect the views of management and owner of INQUIRER.net. We reserve the right to exclude comments that we deem to be inconsistent with our editorial standards.

  • Jm Bautista

    Woohoo! Bumaba na auto LPG!

  • http://www.facebook.com/people/Joy-Love/100001289054071 Joy Love

    un Total gas hindi pa rin nagbabab, sasabihin nila old stock pa raw un at mataas nila nakuha. samantalan pag nagtaas ng price, ora mismo increase sila. paging DTI

  • http://profile.yahoo.com/OBFTPT4NWI4WIAGHTURLJMURYQ YOH

    I agree with Joy Love … Masyadong magulang yang mga Oil company ..

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