Oil price cut seen today; LPG price to go down in February

Maris Federez   •   January 28, 2020   •   664

MANILA, Philippines — Oil companies implemented a price rollback on petroleum products on Tuesday (January 28).

Diesel enjoyed a price cut of 40 centavos per liter; while gasoline had a rollback of 30 centavos per liter.

Meanwhile, the Liquefied Petroleum Gas Marketers’ Association (LPGMA) Partylist expects the price of LPG to go down in February.

LPGMA Partylist Representative Arnel Ty said the increase in the price of LPG on January 1 was a normal movement on its pricing due to the holiday season.

He added, however, that a rollback will happen February as a next normal occurrence in oil pricing.

“Definitely, there will be a rollback,” Ty said.

The oil players also confirmed the big-time rollback for LPG next month.

On February 1, a price cut of about four to six pesos will be applied per kilo of LPG.

This means a P44 to P66 price reduction per 11-kilogram tank. — (from the report of Asher Cadapan, Jr.) /mbmf

LPG prices up on November 1

Marje Pelayo   •   November 1, 2019

MANILA, Philippines – Some oil companies announced a markup in the price of liquefied petroleum gas (LPG) effective 12:01AM on Friday (November 1).

In an advisory, Petron Corp. said it will impose a P0.30 per kilogram increase on LPG which is equivalent to P3.30 for a standard 11-kilogram cylinder tank.

Likewise, the company raises the price of its AutoLPG by P0.20 per liter.

Solane, meanwhile, said it will add P0.24 per kilogram to its price which has taken effect at 6:00AM today.

Based on the latest data from the Department of Energy (DOE), a standard 11-kilogram cylinder now costs between P600 and P695.

Price cut on engine fuel, additional P4 to P5/kg on LPG starting October 1

Marje Pelayo   •   October 1, 2019

MANILA, Philippines – The price of gasoline will have a price rollback of P1.45 per liter this week, according to industry players.

Meanwhile, a P0.60 per liter price cut for diesel and a P1 cut per liter for kerosene also takes effect.

So far, the oil companies that already advised on price cuts include Pilipinas Shell Petroleum Corporation, Seaoil, PetroGazz, PTT Philippines, Total, Chevron and Unioil effective on Tuesday (October 1).

Cleanfuel on Sunday (September 29) have already rolled back its prices by P1.50 per liter for gasoline and P0.50 per liter for diesel.

Meanwhile, an additional P4 to P5 per kilogram increase in the price of liquefied petroleum gas (LPG) will also be imposed.

The effect of the price increase, however, is yet to manifest in retail markets, according to oil companies.

With this, the pick-up price of cooking fuel will have an additional P44 to P55 per 11-kilogram cylinder.

The price adjustments come on the heels of the drone attacks on two large oil facilities of Saudi Aramco which specifically affected the price of Dubai crude and prompted global oil prices to soar to over US$67 per barrel.

LPG prices down starting July 1

Robie de Guzman   •   July 1, 2019

Prices of Liquefied Petroleum Gas (LPG) will drop starting Monday, July 1.

In separate advisories released on Sunday (June 30), Petron Corporation and Phoenix LPG Philippines Inc. said the price of their auto LPG will go down by P1.90 per liter and cooking gas by P3.40 per kilogram.

LPG price cuts took effect at 12:01 a.m. on Monday.

Fuel firms said the adjustment is implemented to reflect the international contract price of LPG for the month of July.

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