Oil firms adjust fuel, and LPG prices

[ASEAN NOW News]

(File photo)

 

MANILA – Oil companies announced adjustments on prices of liquefied petroleum gas (LPG) and petroleum products at the start of August.

 

Petron said it cut LPG prices by PHP2.05 per kilogram and PHP1.15 per liter for AutoLPG. Petron’s price rollback started at 12:01 a.m. on Monday.

 

“These reflect the international contract price of LPG for the month of August,” Petron said.

 

Eastern Petroleum also said it will slash Eastern EC Gas LPG by PHP1.70 per kilogram.

 

With the rollback, prices of regular 11-kilogram LPG decreased by PHP18.70 to PHP22.55 this month.

LPG prices have gone down for four consecutive months.

 

Meanwhile, oil firms will adjust fuel prices starting Tuesday morning.

 

Cleanfuel, Eastern Petroleum, Petro Gazz, Seaoil and Shell said they will roll back diesel prices by PHP0.60 per liter and will implement an increase of PHP0.75 per liter for gasoline products.

 

Seaoil and Shell will also slash kerosene prices by PHP0.75 per liter.

 

Other oil industry players are expected to follow suit. (PNA)

 

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