Tuesday, July 05, 2011

LPG prices cut by P1 a kilo

ZAMBOANGA CITY, Philippines (Mindanao Examiner / July 5, 2011) – The LPG Marketers Association (LPGMA) has cut prices of liquefied petroleum gas by one peso per kilo effective Tuesday.

Rep. Arnel Ty, LPGMA president, said they reduced prices due to the decline in the international contract price of LPG.

He said LPG contract price in July went down by about $ 61 per metric ton from the previous month. Ty said there is a strong possibility of another LPG price rollback by next week.

Last week, Petron Corporation, Pilipinas Shell Petroleum Corporation and Total also slashed their LPG prices by P2 per kilo, state media reported.

LPGMA members include Omni Gas, Pinnacle Gas, Island Gas, Cat Gas and Nation Gas.

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