Petron Corp. will cut prices of liquefied petroleum gas (LPG) by P10.70 per kilo or P117.70 per 11-kilo tank to reflect the lower contract price of cooking gas in the world market for April.
“Petron will implement a P10.70/kg rollback in LPG prices effective 12:01 am, April 1,” Petron, the country’s biggest oil company, said in its advisory.
“AutoLPG prices will likewise decrease by P6.00/li at the same time.
These reflect the international contract price of LPG for the month of April,” Petron said.
Prior to the rollback, LPG prices in Metro Manila range from P611 to P745 per 11-kilo tank.
Other oil companies have yet to issue their respective advisories on the LPG price rollback but are expected to follow.
Last February 1, Petron also cut its LPG price by P2.20 per kilo for a total of P24.20 per 11-kilo tank and autoLPG by P1.25 per liter.
The oil firms adjust LPG prices every first day of the month while pump prices are adjusted every Tuesday.
The latest LPG rollback followed the rollback for gasoline by P2 per liter, kerosene by P1.95 per liter and diesel by P0.50 per liter effective Tuesday, the fourth consecutive weekly oil price rollback as countries become severely affected by the COVID-19 coronavirus, prompting demand to fall significant as people stay at home to avoid being infected.