STARTING New Year’s Day, January 1, liquefied petroleum gas (LPG) prices dropped by less than P1.
Petron implemented a P0.90 per kilogram rollback in LPG prices effective 12:01 a.m. At 6 a.m., Solane-branded LPG price decreased by P0.91 per kilogram.
In separate advisories, Petron Corp., and Solane confirmed the reduction in the prices of LPG.
“This reflects the international contract price of LPG for the month of January,” it said.
On December 30, 2024, Shell Pilipinas slashed the prices per liter of diesel and gasoline by P0.30, and also reduced the price of kerosene by P0.90 per liter.
Cleanfuel and Petro Gazz also implemented the same changes, excluding kerosene which they do not carry.
Department of Energy-Oil Industry Management Bureau Assistant Director Rodela Romero earlier said that the djustment was triggered by the International Energy Agency’s (IEA) “continued expectation of an oversupplied oil market in 2025 even if OPEC+ (Organization of the Petroleum Exporting Countries Plus) holds production steady or continues to delay the unwinding of its voluntary production cuts.” (GMA Integrated News)
