Oil firms cut prices of LPG
FILE PHOTO
MANILA, Philippines — For the second straight month, oil companies slashed the prices of liquefied petroleum gas (LPG) products.
In an advisory, Petron announced that LPG prices decreased by P5.90 per kilogram and AutoLPG prices by P3.30 per liter.
The downward price adjustment took effect on Tuesday at 12:01 a.m.
“These reflect the international contract price of LPG for the month of June,” said Petron.
Phoenix Petroleum cut the cost of LPG products by P5.18 per kilogram and AutoLPG by P2.86 per liter, also on Tuesday at 12:01 a.m.
Solane also reduced the price of its cooking gas by P5.91 per kilogram, effective Wednesday at 6 a.m.
As of June 1, household LPG prices in Metro Manila are estimated to range from P879.20 to P1,107.09 per 11-kilogram cylinder, based on the Department of Energy’s price monitoring.
—JORDEENE B. LAGARE
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