Fuel firms on Thursday announced an upward adjustment in the retail prices of liquefied petroleum gas (LPG).
In an advisory, Petron said it hiked its household LPG price by P0.95 per kilogram, effective 12 a.m. on February 1.
The adjustment is equivalent to about a P10 increase in the price of a typical 11-kilogram LPG cylinder.
“This reflects the international contract price of LPG for the month of February,” Petron said.
Solane, likewise, said it increased its LPG price by P0.91 per kilogram —translating to around P10 hike for an 11-kilogram LPG tank. The adjustment took effect on February 1 at 8 a.m.
This is the second consecutive month of hikes in LPG prices since the beginning of the year, when a P3.40 per kilogram increase was implemented for the fuel. –VAL, GMA Integrated News