LPG prices up effective March 1, 2024

Households should tighten belts anew this month amid the upward adjustment in the retail prices of liquefied petroleum gas (LPG).

In an advisory, Petron said it hiked its household LPG price by P0.30 per kilogram, effective 12 noon on March 1.

The adjustment is equivalent to an over P3 increase in the price of a typical 11-kilogram LPG cylinder.

“This reflects the international contract price of LPG for the month of March,” Petron said.

Meanwhile, Solane announced it will hike the per kilogram price of its LPG tank by P0.27, effective at 6 a.m. on March 2.

Other fuel firms have yet to announce price adjustments in their LPG products.

This is the third consecutive month of hikes in LPG prices since the beginning of the year, when a P3.40 per kilogram increase was implemented for the fuel.

Data from the Department of Energy showed that the overall price range of a typical 11-kilogram LPG cylinder in Metro Manila was at P920 to P1,100. — RSJ, GMA Integrated News