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LPG PRICES UP IN NEW YEAR
- By The Financial District
- Jan 1, 2021
- 1 min read
Oil companies and distributors surprised consumers with a big increase in the prices of liquefied petroleum gas (LPG) products at the start of a new year.
Petron hiked LPG prices by PHP4.16 per kilogram and its AutoLPG increased by PHP2.33 per liter.
Likewise, Phoenix LPG hiked Phoenix Super LPG price by PHP4.15 per kilogram, while AutoLPG price increased by PHP2.35 per liter.
Solane-branded LPG also increased its prices by PHP3.73 per kilogram.
These increases translate to PHP41.03 to PHP45.76 increase in prices of an 11-kilogram LPG tank.
The price adjustment reflects the movement of contract prices of LPG for January.
