Big LPG price cut at P9.20/k; Gas, diesel seen to cost more READ MORE:
“Petron will implement a P9.20 per kilo rollback in LPG prices effective 0001H Apr. 1,” the oil firm said in its advisory.“AutoLPG prices will likewise roll back by P5.14 per liter at the same time. These reflect the international contract price of LPG for the month of April,” Petron said.ADVERTISEMENT
On Feb. 1, oil firms raised the price of LPG by P10 to P11.20 per kilo, or about P110 to P123 per 11-kilo cylinder. Auto LPG prices likewise increased by P6.25 per liter. Gasoline prices are expected to go up by P1.30 to 1.50 per liter,diesel by P0.40 to P0.60 per liter, and kerosene by P0.30 to P0.50 per liter.
“For the 4-day trading, we are expecting an increase in the prices ofpetroleum products due to an ease of tension brought about by the banking crisis and supply disruption in Turkey. Inventory of US fell down more than expected, especially for gasoline and distillates and at last a sign of strong demand in Asia due to China’s recovery,” Romero said.
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