Total follows suit on LPG price increase

September 3, 2013 9:11 am 

MANILA, Sept 2 — Independent oil firm Total Philippines announced on Monday it will also implement a price hike of its liquefied petroleum gas (LPG) product.

In its text advisory sent to Philippines News Agency (PNA), Total, carrier of cooking gas product “TotalGaz,” will implemented price hikes of P3.00 per kilo on their respective products effective 6 a.m. Tuesday.

The price hike would mean a P33 added in retail price, since a regular household cylinder of LPG weighs 11 kilos.

The price increase implemented by Total on Tuesday follows the price increase implemented by major cooking gas distributors Petron Corp. (carrier of “Gasul” and “Fiesta Gas”) also on Tuesday at 12:01 a.m.

Petron Corp. cooking gas products “Gasul” and “Fiesta Gas” prices were increased by P2.55 per kilo that took effect at 12:01 a.m..

The price meant a P28.05 added in retail price of a regular household cylinder weighing 11 kilos.<p<Petron said the price adjustments reflected movements in the international LPG contract prices for the month of September”.

Cooking gas prices are typically adjusted once a month, unlike other petroleum products like gasoline and diesel which are tweaked weekly.

Based on Dept. of Energy figures, the average price of LPG in Metro Manila as of Aug 27 ranges from P630-P757. (PNA)

HBC/CLTC

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