MANILA – Independent retailers of liquefied petroleum gas yesterday slashed product prices by P2 per kilo.
LPG Marketers Association Party-List Representative Arnel Ty said that the rollback would translate into a P22-markdown per tank since a regular cylinder of LPG weighs 11 kilos.
"Effective today (Monday) meron tayong P2-per-kilo rollback; P22 per 11-kg tank po ‘yan," Ty said.
With the latest rollback, he said prices of LPG sold by LPGMA members now stood between P700 and P725 per 11-kg tank.
Ty also hinted at further price rollbacks in the coming months, noting the plunge in world contract prices for the commodity.*PNA