The Philippine Star

Petron hikes LPG price anew

- – Danessa Rivera

Starting today, prices of cooking and auto liquefied petroleum gas (LPG) will increase by 90 centavos per kilogram.

In a text advisory, Petron Corp. said the increase will take effect at 12:01 a.m. today.

The price of AutoLPG will also go up by 50 cventavos per liter. “These reflect internatio­nal LPG contract prices for the month of July,” Petron said.

Other companies have yet to announce their respective price adjustment­s.

Local retailers are following the pricing of Saudi Arabia’s state-owned oil company Saudi Aramco, which sets an internatio­nal price benchmark at the beginning of each month. While Saudi Aramco has set its July contract price for propane at $555 per ton, lower than the $560 per ton in June, the Philippine peso depreciate­d last month to an average of P53.048 to the dollar, compared to P52.915 in the previous month.

Newspapers in English

Newspapers from Philippines