锘� Price of LPG down by more than P1 per kilogram

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Price of LPG down by more than P1 per kilogram

Philippine Daily Inquirer / 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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READ: Small cuts in gas, diesel, and kerosene prices

“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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