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Manila Bulletin devider Business devider LPG prices rise for fourth consecutive month in Nov.

LPG prices rise for fourth consecutive month in Nov.

Published Nov 1, 2023 08:00 am

At A Glance

  • Liquefied petroleum gas (LPG) prices have increased for the fourth consecutive month in November.<br>Regasco raised prices by P0.50 per kilo, while Petron and Solane increased prices by P0.45 per kilo.<br>The price adjustments reflect the international contract price of LPG for November.<br>The cost of a regular 11-kg LPG tank has risen by P4.95 to P5.50.<br> Rising LPG prices pose challenges for consumers and add to the cost of living.

Liquefied petroleum gas (LPG) prices have gone up again in November, marking the fourth straight month of increases.

Regasco, Petron, and Solane, leading players in the industry, have all announced higher prices for their LPG products.

Regasco raised its LPG prices by P0.50 per kilo, while Petron and Solane increased their prices by P0.45 per kilo starting on Wednesday, Nov. 1.

The price hikes are attributed to the international contract price of LPG for November.

As a result, the cost of a standard 11-kilo LPG tank has risen by approximately P4.95 to P5.50.

The continuous upward trend in LPG prices poses a challenge for consumers, as it adds to the rising cost of living.

Related Tags

Consumer prices LPG cylinder Liquified Petroleum Gas
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