In time for the Christmas season, consumers were greeted with lower prices of liquefied petroleum gas (LPG) at the start of December with a big-time rollback for the commodity this month.
The reduction halted the five consecutive months of price increase on LPG products.
Petron said it implemented a PHP4.75 reduction per kilogram of LPG, and PHP2.66 per liter cut on AutoLPG effective 1 a.m. Wednesday.
“These reflect the international contract price of LPG for the month of December,” Petron added.
Solane-branded LPG also cut prices by PHP4.37 per kilogram starting Wednesday.
The price rollback resulted in a reduction of PHP48.07 to PHP52.25 for a regular 11-kilogram LPG tank.
Source: Philippines News Agency