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Amid expected gas price drop, LPG prices to increase by May 1 due to higher contract price
Amid expected gas price drop, LPG prices to increase by May 1 due to higher contract price
ABS-CBN News
Published Apr 30, 2023 10:24 PM PHT
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Updated May 01, 2023 12:53 AM PHT
Workers prepare LPG tanks for delivery for refill in a reseller in Brgy. Bagong Silangan in Quezon City on February 1, 2023. Mark Demayo, ABS-CBN News/File
MANILA (UPDATED) - The prices of liquified petroleum gas (LPG) will increase this May due to the higher international contract price.
Petron on Sunday announced it will implement a P0.85 per kilogram (VAT inclusive) price increase in LPG effective 6 a.m. May 1.
Prices of autoLPG, on the other hand, will increase by P0.48 per liter.
Solane likewise announced a P0.85/kg increase in its LPG products, also effective Monday morning.
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Phoenix LPG Phils., Inc. also said it will be implementing a price increase of P0.85/kg for its Phoenix Super LPG, and P0.48/liter for its AutoLPG effective 12:01 a.m. Monday.
On Saturday, industry experts said gas prices, including LPG, are expected to drop by more than P1 per liter by May 2.
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