LPG prices to fall P3 per kilo before possible P10 hike
he tax-driven cut may be followed by a P10-to-P15 increase in October.
The Philippines may see an LPG price reduction of at least P3 per kilogram next week, but consumers could face a significant increase of up to P10 to P15 within days, according to Arnel Ty, president of the LPG Marketers Association. The government's three-month suspension of excise taxes on liquefied petroleum gas and kerosene is expected to drive the price drop, but the final adjustment could be determined as early as October 1 and implemented on October 3.
Ty warned that the increase could be triggered by higher global market prices and shipping premiums due to geopolitical tensions in West Asia. The tax relief, granted by President Ferdinand Marcos Jr. through Executive Order 125, is expected to remain in effect despite the potential market-driven hike, potentially providing some relief for consumers.
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.
