Petron hikes LPG prices by P6 per kilo

MANILA, Philippines - Petron increased prices of its liquefied petroleum gas (LPG) by P6 per liter for the standard 11-kilogram cylinder early morning yesterday and auto LPG by P4.50 per liter.

“This is to reflect the rise in international contract prices for the month of February,” Petron said.

Petron sells its LPG products under the brand name Gasul.

Last Tuesday, some members of the LPG Marketers Association Inc. jacked up prices by P4.50 per kilo, and implied that a second price hike of P1.50 per kilo would be implemented within the week. The association is composed of independent (not allied with a major oil company such as Petron) LPG distributors.

Liquigaz likewise increased on Tuesday its LPG prices by a similar P6 per kilo or by P66 per 11-kg cylinder.

Average prices of a standard 11-kg cylinder in Metro Manila prior to yesterday’s price adjustments range from P691 to P765, depending on the brand.

Likewise, prices of auto LPG range from P30.63 to P30.85 per liter.

The last time LPG prices were adjusted upwards was in early January, by P1.80 per kilo.