ADVERTISEMENT
Manila Bulletin devider Business devider LPG prices up by P0.27-P0.30/kg; mixed adjustments in pump prices next week

LPG prices up by P0.27-P0.30/kg; mixed adjustments in pump prices next week

Published Mar 1, 2024 04:08 am

At A Glance

  • The consumers will also have mixed feelings on their drive to the gas pumps next week, as the price of gasoline products will rise; while diesel prices will be on rollback, according to the estimates of the oil companies.

Cooking fuel will come heavier on the budgets of households this week as the price of liquefied petroleum gas (LPG) will go up by P0.27 to P0.30 per kilogram (kg) for the month of March, as announced by the industry players.

Leading player Petron Corporation, in particular, implemented LPG price hike of P0.30 per kg; while rival-firm Solane enforced a leaner increase of P0.27 per kg effective March 1 (Friday).

The LPG firms have been adjusting LPG prices monthly based on the swing of prices in the international market, using Saudi Aramco contract prices as the primary reference.

Further, the consumers will have mixed feelings on their drive to the gas pumps next week, as the price of gasoline products will rise; while diesel prices will be on rollback, according to the estimates of the oil companies.

As indicated by the industry players, the price of gasoline will increase by P0.45 to P0.85 per liter; while diesel prices will be trimmed by P0.40 to P0.80 per liter; and kerosene prices will be pared by P0.25 to P0.65 per liter.

The oil companies will be adjusting prices at the domestic pumps on Tuesday (March 5) based on the routine already embraced in the deregulated downstream oil industry.

If reckoned solely on cost movements anchored on the four-day trend of the Mean of Platts Singapore (MOPS) index, the calculated price swings would be: P0.420 per liter hike for gasoline products; and reduction of P0.605 per liter for diesel and P0.35 per liter for kerosene.

Nevertheless, the final adjustments would still change depending on the outcome of Friday (March 1) trading in Singapore, which reflects developments not just in the regional market but also globally.

Prior to the new round of price fluctuations next week, a monitoring report of the Department of Energy (DOE) has shown that prices since the start of the year already logged net increases of P5.45 per liter for gasoline; P4.45 per liter for diesel; and P0.40 per liter for kerosene.

In recent months, the main factor prompting heftier adjustments in prices had been market risk premium arising from rerouting of shipping vessels due to the Red Sea friction. 
 

Related Tags

Oil prices Department of Energy (DOE) Mean of Platts Singapore liquefied petroleum gas Saudi Aramco contract prices
ADVERTISEMENT
.most-popular .layout-ratio{ padding-bottom: 79.13%; } @media (min-width: 768px) and (max-width: 1024px) { .widget-title { font-size: 15px !important; } }

{{ articles_filter_1561_widget.title }}

{{ item.title }}
.most-popular .layout-ratio{ padding-bottom: 79.13%; } @media (min-width: 768px) and (max-width: 1024px) { .widget-title { font-size: 15px !important; } }

{{ articles_filter_1562_widget.title }}

{{ item.title }}
.most-popular .layout-ratio{ padding-bottom: 79.13%; } @media (min-width: 768px) and (max-width: 1024px) { .widget-title { font-size: 15px !important; } }

{{ articles_filter_1563_widget.title }}

{{ item.title }}

{{ articles_filter_1564_widget.title }}

{{ item.title }}
.mb-article-details { position: relative; } .mb-article-details .article-body-preview, .mb-article-details .article-body-summary{ font-size: 17px; line-height: 30px; font-family: "Libre Caslon Text", serif; color: #000; } .mb-article-details .article-body-preview iframe , .mb-article-details .article-body-summary iframe{ width: 100%; margin: auto; } .read-more-background { background: linear-gradient(180deg, color(display-p3 1.000 1.000 1.000 / 0) 13.75%, color(display-p3 1.000 1.000 1.000 / 0.8) 30.79%, color(display-p3 1.000 1.000 1.000) 72.5%); position: absolute; height: 200px; width: 100%; bottom: 0; display: flex; justify-content: center; align-items: center; padding: 0; } .read-more-background a{ color: #000; } .read-more-btn { padding: 17px 45px; font-family: Inter; font-weight: 700; font-size: 18px; line-height: 16px; text-align: center; vertical-align: middle; border: 1px solid black; background-color: white; } .hidden { display: none; }
function initializeAllSwipers() { // Get all hidden inputs with cms_article_id document.querySelectorAll('[id^="cms_article_id_"]').forEach(function (input) { const cmsArticleId = input.value; const articleSelector = '#article-' + cmsArticleId + ' .body_images'; const swiperElement = document.querySelector(articleSelector); if (swiperElement && !swiperElement.classList.contains('swiper-initialized')) { new Swiper(articleSelector, { loop: true, pagination: false, navigation: { nextEl: '#article-' + cmsArticleId + ' .swiper-button-next', prevEl: '#article-' + cmsArticleId + ' .swiper-button-prev', }, }); } }); } setTimeout(initializeAllSwipers, 3000); const intersectionObserver = new IntersectionObserver( (entries) => { entries.forEach((entry) => { if (entry.isIntersecting) { const newUrl = entry.target.getAttribute("data-url"); if (newUrl) { history.pushState(null, null, newUrl); let article = entry.target; // Extract metadata const author = article.querySelector('.author-section').textContent.replace('By', '').trim(); const section = article.querySelector('.section-info ').textContent.replace(' ', ' '); const title = article.querySelector('.article-title h1').textContent; // Parse URL for Chartbeat path format const parsedUrl = new URL(newUrl, window.location.origin); const cleanUrl = parsedUrl.host + parsedUrl.pathname; // Update Chartbeat configuration if (typeof window._sf_async_config !== 'undefined') { window._sf_async_config.path = cleanUrl; window._sf_async_config.sections = section; window._sf_async_config.authors = author; } // Track virtual page view with Chartbeat if (typeof pSUPERFLY !== 'undefined' && typeof pSUPERFLY.virtualPage === 'function') { try { pSUPERFLY.virtualPage({ path: cleanUrl, title: title, sections: section, authors: author }); } catch (error) { console.error('ping error', error); } } // Optional: Update document title if (title && title !== document.title) { document.title = title; } } } }); }, { threshold: 0.1 } ); function showArticleBody(button) { const article = button.closest("article"); const summary = article.querySelector(".article-body-summary"); const body = article.querySelector(".article-body-preview"); const readMoreSection = article.querySelector(".read-more-background"); // Hide summary and read-more section summary.style.display = "none"; readMoreSection.style.display = "none"; // Show the full article body body.classList.remove("hidden"); } document.addEventListener("DOMContentLoaded", () => { let loadCount = 0; // Track how many times articles are loaded const offset = [1, 2, 3, 4, 5, 6, 7, 8, 9, 10]; // Offset values const currentUrl = window.location.pathname.substring(1); let isLoading = false; // Prevent multiple calls if (!currentUrl) { console.log("Current URL is invalid."); return; } const sentinel = document.getElementById("load-more-sentinel"); if (!sentinel) { console.log("Sentinel element not found."); return; } function isSentinelVisible() { const rect = sentinel.getBoundingClientRect(); return ( rect.top < window.innerHeight && rect.bottom >= 0 ); } function onScroll() { if (isLoading) return; if (isSentinelVisible()) { if (loadCount >= offset.length) { console.log("Maximum load attempts reached."); window.removeEventListener("scroll", onScroll); return; } isLoading = true; const currentOffset = offset[loadCount]; window.loadMoreItems().then(() => { let article = document.querySelector('#widget_1690 > div:nth-last-of-type(2) article'); intersectionObserver.observe(article) loadCount++; }).catch(error => { console.error("Error loading more items:", error); }).finally(() => { isLoading = false; }); } } window.addEventListener("scroll", onScroll); });
Join Our Newsletters

Sign up by email to receive news.

© 2025 Manila Bulletin The Nation's Leading Newspaper. All Rights Reserved.