LPG Price May Increase up to Php 1,054

The Department of Energy (DOE) just recently announced that there will be an increase for LPG as of March 2022. All consumers will have to pay more as the big-time price hike took effect.

Petron Corporation, Solane LPG, and Phoenix Super LPG have been affected by this price hike. They have announced that this price is adjusted every first day of the month.

Petron increased Php 7.95 per kilogram of LPG while Shell’s Solane-branded LPG rose by Php 7.14 per kilogram. Meaning there will be an increase of Php 78.54 to Php 87.45 for the standard 11-kilogram cylinder.

According to DOE, liquefied petroleum gas (LPG) prices this month may range between Php 794 and Php 1,054 per 11-kilogram cylinder compared to last month’s rates that ranged from Php 794 to Php 1,010 per 11-kilogram cylinder.

As the tension between Ukraine and Russia continues, global oil and gas prices will be affected. As this could disrupt global supplies.

READ: Huge Oil-Price Hike Next Week