Solane LPG prices to be rolled back Monday

Isla Petroleum and Gas Corp. on Sunday announced a downward adjustment in rates of its liquefied petroleum gas (LPG) products this week.

In an advisory, the company said it would roll back Solane-branded LPG prices by P3.49 per kilogram, exclusive of value-added tax.

The adjustments would take effect 6 a.m. on Monday, March 2, 2020.

Isla Petroleum and Gas Corp. is a joint venture between Isla Petroleum & Energy Co. Ltd. and Creasia Energy Holdings Inc.

The company was the response to the acquisition of Shell's LPG assets in the Philippines, which was fully realized in 2013.

Petron Corp. earlier announced similar changes, while other companies have yet to make announcements. — Jon Viktor Cabuenas/DVM, GMA News