Oil companies raised the price of liquefied petroleum gas (LPG) or cooking gas by P3.50 to P3.55 per kilo, equivalent to P38.50 to P39.05 per 11-kilo tank to reflect the higher contract price of LPG in the world market. READ:
to P38.50 to P39.05 per 11-kilo tank to reflect the higher contract price of LPG in the world market.
Petron Corp., the country’s biggest oil company, announced the price increase effective Nov. 1 in an advisory. “AutoLPG prices will likewise increase by P1.96 per liter at the same time. These reflect the international contract price of LPG for the month of November,” the company said.Phoenix LPG Phils., Inc. and Solane LPG announced similar price increases effective Nov. 2.An 11-kilo tank of LPG sells from P797 to P1,000 in Metro Manila, based on the monitoring of the Department of Energy.
On Tuesday, the oil firms cut pump prices by P0.60 per liter for diesel and P0.25 per liter for gasoline and kerosene to reflect the movement of prices in the world oil market. This is the second consecutive week of oil price rollback driven by concerns of an economic slowdown from China due to rising COVID-19 cases and mobility restrictions.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biden threatens tax hit for 'war profiteering' oil giantsUS President Joe Biden said Monday he plans to seek tax penalties for oil companies unless they invest their record profits in lowering consumer costs and boosting production, criticizing their “war profiteering.”
Read more »
Fuel rollback set: 60c for diesel, 25c for gas, keroseneOil firms cut pump prices anew by P0.60 per liter for diesel and P0.25 per liter for gasoline and kerosene effective 6 a.m. Tuesday to reflect the movement of prices in the world oil market. READ:
Read more »
Fuel rollback set: 60c for diesel, 25c for gas, keroseneOil firms cut pump prices anew by P0.60 per liter for diesel and P0.25 per liter for gasoline and kerosene effective 6 a.m. Tuesday to reflect the movement of prices in the world oil market. READ:
Read more »
Bill granting free, discounted funeral services to poor, indigent refiled for 4th timeA bill granting free funeral services to extremely poor families and 50% discount on funeral services for indigent families has been sought anew at the House of Representatives.
Read more »