PRICE HIKE. Prices of liquefied petroleum gas increase on Thursday (Feb. 1, 2024). The adjustments reflect a PHP7.70 to PHP10.45 increase in the prices of a regular 11-kilogram LPG tank. (File photo)
MANILA – Prices of liquefied petroleum gas (LPG) slightly increased by less than a peso at the start of February.
Petron LPG increased prices by PHP0.95 per kilogram while Solane-branded LPGs were priced higher by PHP0.91 per kilogram.
Regasco also hiked its prices but at a lower rate of PHP0.70 per kilogram.
The price adjustments were effective as early as midnight on Thursday (Feb. 1).
“This reflects the international contract price of LPG for the month of February,” Petron said in its advisory.
The increase would reflect a PHP7.70 to PHP10.45 hike in the price of a regular 11-kilogram LPG cylinder.
Meanwhile, consumers are being reminded to replace substandard and dilapidated LPG cylinders before Jan. 7, 2025 or they may face criminal charges as prescribed by Republic Act (RA) 11592 or the LPG Industry Regulation Act (LIRA).
Rusty tanks and unbranded LPG cylinders are considered substandard.
RA 11592 regulates the domestic LPG industry and protects consumers against malpractices.
Consumers may bring their dilapidated LPG cylinders to authorized LPG distributors and refillers and get the replacement for free.
The Department of Energy (DOE), the Department of Trade and Industry, and the Philippine National Police will check around the country if households are still keeping substandard LPG tanks.
DOE data showed that since the LIRA was enacted into law in October 2021, there were six million substandard LPG cylinders across the country.
In the first two years of the implementation of the law, only two million dilapidated cylinders were replaced. There are still four million substandard LPG tanks still circulating in the market. (PNA)
