The country’s oil firms will cut the price of liquefied petroleum gas (LPG) by as much as P0.40 per kilo or P4.40 per 11-kilo tank effective today, July 1, to reflect the movement in the contract price of LPG in the world market.
“Petron will implement a P0.40 per kg rollback (VAT-inclusive) in LPG prices. AutoLPG prices will likewise rollback by P0.22/li at the same time. These reflect the international contract price of LPG for themonth of July,” Petron Corp. said in its advisory.
Solane also cut LPG prices by P0.36 per kg.
Before this adjustment, cooking gas was sold from P840 to P1,027 per 11-kilo tank in Metro Manila.
Meanwhile, initial data gathered by the Department of Energy (DOE) for the Monday to Wednesday global trading days showed a possible increase of P0.76 per liter for gasoline but a price rollback for diesel and kerosene by P1.91 per liter and P2.19 per liter, respectively.
On June 28, the oil companies implemented a price increase in domestic oil products. Gasoline went up by P0.50 per liter, diesel by P1.65 per liter, and kerosene by P0.10 per liter.
These resulted in the year-to-date adjustments at a net increase of P30 per liter for gasoline, P45.90 per liter for diesel, and P39.75 per liter for kerosene.
