The price of cooking gas went down on Wednesday, reflecting the downtrend in the international contract price for liquefied petroleum gas (LPG).
Petron Corp. implemented a P0.35-per-kilogram (kg) rollback in Gasul and Fiesta prices effective 12:01 a.m. of March 1. It also decreased the price of Xtend auto LPG by P0.20 per liter at the same time.
“These reflect movements in the international contract prices of LPG for the month of March,” Petron said.
Solane LPG price also went down by P0.32 per kg effective 6 a.m. of Wednesday. The Department of Energy-Oil Industry Management Bureau (DOE-OIMB) said the contract price for March amounts to $564 per metric ton (MT), which is $9 lower than the contract price in February of $573/MT.
The rollback of $9/MT could translate to a P0.36/kg, hence a P4 reduction per 11-kg LPG cylinder, the DOE said.
Energy Secretary Alfonso G. Cusi urged the buying public to always check every LPG cylinder to ensure that it is of the right quantity and quality.
“Aside from determining the right price, I encourage the public to also look closely at the quantity of the LPG cylinder by assuring that it is the correct and accurate weight. The quality of the tank should also be taken into consideration especially if it poses certain safety risks,” Cusi said.
The DOE has advised the public to buy LPG cylinders with proper markings from authorized outlets only; check the LPG cylinder for excessive rustiness and dents; ensure that the collar and footring are smooth and properly-welded; ensure that the LPG seal is intact and firmly affixed to the valve.