MANILA -Consumers will have to tighten their spending this month after local oil companies announced an increase of P0.45 per kilogram in the price of cooking gas.
This translates to an increase of P4.95 per 11-kilo tank.
In an advisory, Petron Corp. said the price adjustment in liquefied petroleum gas (LPG) was effective on Wednesday, Nov. 1. The price of Solane-branded LPG likewise increased by the same amount.
AutoLPG, meanwhile, did not have any price adjustment.
“This reflects the international contract price of LPG for the month of November,” Petron said.
This marks the fourth consecutive month that local oil firms implemented price increases for LPG.
Last month, the price of an 11-kilo cylinder rose by P41.25.
Data from the Department of Energy show that prevailing retail prices of cooking gas in Metro Manila ranged from P882 to P1054 per tank in October.