LPG price to go up by P5.50 per 11-kilo tank

Workers arrange LPG tanks that are sold along Kamias Road in Quezon City, July 7, 2023. The Department of Energy (DOE) is now strictly implementing all LPG sellers to secure a License to Operate (LTO) before they can continue selling LPG products. The LTO is mandated under Republic Act No. 11592 or the LPG Industry Regulation Act of 2021. The LTO is a requirement for all LPG sellers, regardless of their size or the volume of LPG they sell. It is intended to ensure the safety of LPG consumers by ensuring that LPG sellers are properly licensed and that they are following the necessary safety standards..MANNY PALMERO

Oil companies will increase the price of cooking gas or liquefied petroleum gas (LPG) by P0.45 to P0.50 per kilo per kilo effective today, Nov. 1.

This translate to a P4.95 to P5.50 price hike for an 11-kilo tank used by households

LPG Marketers Association president Arnel Ty said the contract price of LPG went up by about $7 per metric ton to $616 per MT for November.

“That’s P0.50 per kg. up,” Ty said.

LPG prices ranged from P882 to P1,059 per 11-kilo tank in the National Capital Region prior to the increase.

This developed after oil firms cut the price of diesel by P1.25 per liter liter but raised the price of gasoline and kerosene by P0.45 per liter and P1.20 per liter, respectively, on Tuesday.

Petron captured the biggest market share for LPG as of the first half, according to the Department of Energy.

Petron had a market share of 23.66 percent followed by Liquigaz at 19.14 percent, South Pacific at 15.97 percent, Pryce Gases at 15.57 percent and Isla Gas at 12.91 percent.