Saturday, July 22, 2017
Close  
business /

LPG price cut anew effective Thursday

business /
  • share this

LPG price cut anew effective Thursday

/ 01:33 AM January 03, 2013

Isla Gas has slashed the price of its Solane brand of liquefied petroleum gas (LPG) by 50 centavos per kilogram, excluding the value-added tax, effective Thursday.

This lowered the price of an 11-kg cylinder of the cooking gas by P5.50.

A few days ago, LPG dealers slashed the price of a tank by P22.

ADVERTISEMENT

The latest price adjustment reflected the 1.3-percent decrease in the international contract price of LPG to $955 per metric ton in January 2013, from $968 per MT in December 2012.

Prior to Thursday’s price drop, LPG prices ranged from P670 to P810 per 11-kg tank, according to the Department of Energy. Amy R. Remo

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Business, Energy, LPG, Solane
For feedback, complaints, or inquiries, contact us.




© Copyright 1997-2016 INQUIRER.net | All Rights Reserved