Business, Finance & Technology
Business Technology, Finance Technology & Information Technology
LPG prices are being slashed dramatically.
Consumers were greeted with decreased pricing of liquefied petroleum gas (LPG) at the start of December, just in time for the Christmas season, with a big-time reversal for the commodity this month.
The price cut put an end to a five-month streak of LPG price increases.
Petron said it reduced LPG prices by PHP4.75 per kilogram and AutoLPG prices by PHP2.66 per liter starting at 1 a.m. Wednesday.
Petron stated, “These reflect the worldwide contract price of LPG for the month of December.”
Starting on Wednesday, the price of Solane-branded LPG was reduced by PHP4.37 per kilogram.
For a typical 11-kilogram LPG tank, the price was reduced from PHP48.07 to PHP52.25 as a result of the price rollback.
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