Price of LPG down by more than P1 per kilogram

Price of LPG down by more than P1 per kilogram

/ 05:10 AM May 02, 2024

Price of LPG down by more than P1 per kilogram

INQUIRER FILE PHOTO/RAFFY LERMA

MANILA, Philippines — After reducing pump prices on Tuesday, local oil companies slashed the price of cooking gas by up to more than P1 a kilogram or nearly P13 per 11-kg cylinder, effective on May 1.

Petron Corp. implemented a cut of P1.15 per kg or P12.65 per 11-kg cylinder in its liquefied petroleum gas (LPG) products effective at 12:01 a.m. Wednesday.

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“This reflects the international contact price of LPG for the month of May,” Petron said.

Solane also slashed its LPG prices by P1.09 per kg or P11.99 per 11-kg cylinder at 6 a.m., while Cleanfuel reduced its AutoLPG price by 75 centavos per liter at 4:01 p.m.

This marked the second consecutive time oil firms cut their LPG prices after last month’s drop of P1 a kilo or P11 per 11-kg cylinder. —JORDEENE B. LAGARE

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