Business Technology, Finance Technology & Information Technology
In March, consumers will see a significant increase in LPG prices.
MANILA, Philippines — As of Tuesday, consumers will have to pay extra for cooking gas due to a significant price increase.
Petron raised the price of LPG by PHP7.95 per kilogram, while Shell raised the price of Solane-branded LPG by PHP7.14 per kilogram.
For a standard 11-kilogram LPG cylinder, the price rise this month was PHP78.54 to PHP87.45.
In February, the Department of Energy (DOE) reported that the average price of 11-kg LPG in Metro Manila was PHP976.
Petron has raised the price of AutoLPG by PHP4.44 per liter.
The deepening of the crisis between Ukraine and Russia has driven up global oil and gas prices, as disruptions to global supplies are a possibility.
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