Petron, Shell to rollback LPG prices

Petron Corp. and Pilipinas Shell Petroleum Corp. will be slashing P2 per kilo off the price of their liquefied petroleum gas (LPG) on Friday, July 1.

The companies explained that the price reduction is in line with the movement of international contract prices of LPG for July.

Petron’s auto-LPG products will also be cheaper by P1.25 per liter.

On Thursday, June 29, LPG contract prices were at $904 per metric ton (MT), $50 lower per MT than last month’s average.

Auto-LPG prices, meanwhile, were at P31.40 to P31.50 per liter.

Party-list Representative Arnel Ty of the LPG Marketers Association (LPGMA) of the Philippines said they have not yet implemented any price cut, adding that the two companies’ move to lower prices only put them on a par with the LPGMA’s prices at P680 for an 11 kilogram tank.

Ty said that they would adjust to market movements by next week. He also added that the price decreases would benefit retailers and that bulk prices would remain the same.

“They [Petron and Shell] are saying they have not been able to buy competitively-priced LPG in the region that's why they can't reduce their prices for bulk customers," he said.

LPGMA buys in bulk from the Shell and Petron.

Prior to the rollback, the two companies’ prices for an 11-kg LPG cylinder were between P687 and P757. — BC/VS, GMA News

Editor’s note:Yahoo Philippines encourages responsible comments that add dimension to the discussion. No bashing or hate speech, please. You can express your opinion without slamming others or making derogatory remarks.

  • Ayungin dilemma Ramon Casiple - Parallaxis
    Ayungin dilemma

    China faces a dilemma in Ayungin Shoal and other contested areas. If it waits for the ITLOS—which may decide against it—it would have tacitly bound itself to UNCLOS and risk a rogue state reputation if it asserts its claim in the South China Sea. If its militarily acts now, it may face international isolation. …

  • 48 nabbed in biggest anti-trafficking catch in Bongao VERA Files - The Inbox
    48 nabbed in biggest anti-trafficking catch in Bongao

    By Jake Soriano, VERA Files Bongao, Tawi-tawi—A team of Marines and policemen intercepted around noon Thursday 48 people, 12 of them minors, believed recruited by a human trafficking syndicate for work in Malaysia. The arrest constitutes what advocates called the … Continue reading → …

  • Docs vow to pay right taxes, make peace with BIR VERA Files - The Inbox
    Docs vow to pay right taxes, make peace with BIR

    By Kiersnerr Gerwin Tacadena, VERA Files Leaders of the medical profession have made peace with their former adversary, the Bureau of Internal Revenue (BIR), and joined forces in a campaign to get doctors to pay the right taxes. BIR Commissioner … Continue reading → …

POLL
Loading...
Poll Choice Options