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LPG price hike on first day of February
LPG price hike on first day of February
Nation
LPG price hike on first day of February
by Christhel Cuazon01 February 2024
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Customers of liquefied petroleum gas (LPG) are welcomed with a price hike on Thursday, February 1.

In an advisory, Petron announced its upward adjustment for LPG prices by P0.95/kg, effective 12 AM on February 1. This translates to an increase of PHP 10.45 per 11-kilogram tank.

“This reflects the international contract price of LPG for the month of February,” Petron said in its advisory on Thursday morning.

Solane, likewise, increased its LPG price by P0.91/kg. The adjustment took effect on February 1 at 8 AM.

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This is the second consecutive month of increase in LPG prices. Last month, consumers welcomed the new year with a hefty price increase of up to PHP 3.45 per kilo or PHP 37.95 per tank.

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