LPG prices may rise by P10-P25 per kilo in October, retailers say
Retailers cite rising global contract prices and shipping costs.
LPG prices in the Philippines may see a P10 to P25 increase per kilogram in October, according to an industry group. LPG Marketers Association president Arnel Ty attributed the potential rise to higher international contract prices and shipping costs. International LPG contract prices have risen by about $70 per metric ton, or roughly P4 per kilogram locally.
Ty mentioned that final October prices will be set at the end of the month, with the adjustments taking effect on October 1. Republic Gas Corp. (Regasco) had already implemented a P4-per-kilogram increase on Monday, reflecting their earlier computation for September, which differed from the Department of Energy's P0.40-per-kilogram rollback for the month.
The increase was approved after Regasco presented their taxes paid to the BIR and Bureau of Customs.
Written by urgent.news from Philippine Star Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
