Fuel, LPG price

Fuel, LPG price rollback this week

April 30, 2022 Edd Reyes 294 views

MOTORISTS and household consumers can breathe a small sigh of relief as prices of petroleum products, including liquefied petroleum gas (LPG), are expected to go down this coming week.

Energy sources said big and small oil firms are likely to implement a P5.00 per-kilo price reduction of LPG, translating to a P55 markdown for every 11-kilos of cooking gas tank.

Adjustments to LPG price, including auto LPG, usually being implemented every first day of the month.

On the other hand, prices of diesel products are expected to rollback at P1.10 to P1.30 per liter, gasoline by P0.60 to P0.80 per liter, and kerosene by P1.00 to P1.15 per liter.

The downtrend in the international contract price for liquefied petroleum gas (LPG) and less aggressive demand for oil were the reason for the anticipated price rollback.