LPG dealers to roll back prices this week

Dealers of liquefied petroleum gas (LPG) may roll back their prices by as much as P5 per kilo this coming week. LPG Marketers Association party list Rep. Arnel Ty said this was due to the lower prices of the commodity in the world market, radio dzBB reported Sunday. The report quoted Ty as saying the LPGMA's members may roll back their prices by as much as P5 per kilo or P55 per 11-kg tank. Last April 16, the LPGMA rolled back their prices by P1 per kilo or P11 per 11-kg tank. The LPGMA also rolled back prices of their products by P2 per kilo or P22 per 11-kg tank last April 9. But Ty also hinted earlier this month at more rollbacks in the coming weeks, citing the lower contract prices of the commodity. — LBG, GMA News