LPG price hike this month

MANILA, Philippines — Prices of cooking gas will increase this month on account of higher international prices. This is the second time liquefied petroleum gas (LPG) retailers are increasing prices this year.

In a text advisory, Petron Corp. said it will implement an increase of P2.96 per kilogram in LPG prices effective 12:01 a.m. today. It also said AutoLPG prices will be raised by P1.66 per liter.

“These reflect the international contract price of LPG for the month of February,” Petron said.

Meanwhile, the price of Solane-branded LPG will be increased by P2.68 per kilogram, VAT exclusive, effective 6 a.m., Isla Gas said.

Other retailers have yet to announce their respective price adjustments.

Local retailers track the price benchmark set by Saudi Arabia’s state-owned oil company Saudi Aramco every month.