LPG price cut anew effective ThursdayPhilippine Daily Inquirer
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.
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