Households will have breather on their cooking fuel budgets this month as the price of liquefied petroleum gas (LPG) has been trimmed by P6.10 to P6.20 per kilogram or aggregate P67.10 to P68.20 for the standard 11-kilogram tank. The newly adjusted LPG prices effective June 1 will stay for the rest of the month, in keeping with the pricing routine already prevailing in the industry – and it will be anchored on the Saudi Aramco contract prices, the benchmark for Asian markets. Major LPG players have already enforced different adjustments, with leading player Petron Corporation implementing heftier price reduction of P6.20 per kg, while Solane had slashed its price by P6.18 per kg. Additionally, Phoenix Petroleum, which carries the Super LPG brand, implemented leaner price rollback of P6.10 per kilogram. Prior to this round of cost movements, the pick-price of LPG in various retails outlets had been at P761.00 to P1,021.80 for the typical cylinder being purchased by residential consumers. Additionally, Petron and Phoenix Petroleum announced that the price of their respective autoLPG product, an alternative fuel for vehicles, will be decreased by P3.47 per liter. The LPG firms emphasized that this new wave of downtrend in LPG commodity prices had been due to the softening of international contract prices. Areas affected by typhoon Betty in northern Luzon, will likewise benefit from this round of cost reduction, as price freeze only applies in case of price hikes of specified petroleum commodities. The country’s requirement of cooking fuel is dominated by imports, hence, pricing is generally dictated by the swing of prices in the international market. Apart from households, many commercial establishments, especially those in food and beverage industry as well as hotels are also largely dependent on LPG for their operations.