Oil firms raise LPG prices

Oil firms raise LPG prices

MANILA — Amid calls by workers for a raise in their salaries on Labor Day, oil companies announced on Monday (01 May 2023) an increase in the cost of Liquefied Petroleum Gas or LPG, which is a prime commodity for every household.

Big player Petron Corp. said it raised the price of LPG by P0.85 per kilogram and its Auto LPG by P0.48 per liter, effective 6 a.m. on May 1, or before militant groups took to the streets to dramatize their demands.

On the other hand, Phoenix LPG Philippines Inc. raised the price of Super LPG by P0.95 per kilogram and Auto LPG by P0.48 per liter effective 12:01 a.m.

Solane increased the price of its LPG by P0.82 per kilogram also effective 6 a.m.

Compared to last month, the new LPG price adjustments were relatively lower as oil firms slashed the cost of cooking gas by P9.20 per kilogram in April.

Oil price rollback

But if it was of any consolation, oil companies also announced that they will be implementing a price rollback starting Tuesday, May 2.

Shell Pilipinas and Seaoil said they will roll back the price of gasoline by P1.50 per liter, diesel by P1.30 per liter, and kerosene by P1.40 per liter.

The price adjustment will take effect at 6 a.m.

Petro Gazz and Cleanfuel will accordingly implement the same price adjustments.

(Amado Inigo/MTVN)

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