LPG prices rolled back

MANILA, Philippines - A major oil company rolled back prices of liquefied petroleum gas and AutoLPG effective yesterday.

Petron Corp. implemented a P7.65 per kilogram rollback in LPG prices to reflect the drop in the international market for the month of January.

LPG prices in Cebu and Bohol will be slashed by P5.34 per kilogram, Petron said in its advisory. These provinces have been under a price freeze since November.

The oil firm cut AutoLPG prices by P4.27 per liter and P2.98 in Bohol and Cebu.

With the latest adjustments, LPG prices are now at P834 to P957 for an 11-kg. tank, according to the price monitoring report of the Department of Energy.

Petron and other oil companies on Tuesday announced another oil price hike of P1.15 per liter for gasoline and P0.75 per liter for diesel.

Oil firms also raised kerosene prices by P0.60 per liter.