THE oil companies raised the price of cooking gas by as much P4.90 per kilogram on Saturday to reflect the higher contract price of liquefied petroleum gas in the world market.
The adjustment represents an increase of P53.90 per 11-kilogram tank.
“Petron will increase the prices of LPG by P4.90 per kilo effective 12:01 a.m. on October 1,” Petron said in a statement.
Isla Petroleum, which sells the Solane brand of LPG, also raised its price by P4.38 per kilo effective 6 a.m. on Oct. 1.
Petron said it is also increasing its auto LPG prices by P2.75 per liter at the same time.
“This is to reflect movements in the international contract prices for the month of October,” Petron said.
On Sept. 1, the oil companies also raised LPG prices by P2.74 per kilo or P30 per 11-kilogram tank.
The oil firms adjust LPG prices every first day of the month and adjust the prices of gasoline, diesel and kerosene every week.
The oil firms are also expected to adjust pump prices today to reflect the movement of world oil prices.
On Sept. 26, the oil firms raised the prices of diesel and kerosene by P0.45 and P0.65 per liter, respectively, but did not adjust gasoline prices.