LPG prices up in November

Consumers will have to pay more for liquefied petroleum gas (LPG) products this month, as prices will be hiked after six straight months of rollbacks.

In an advisory, Petron Corp. said it will hike the prices of LPG products by P3.50 per kilogram, and AutoLPG prices by P1.96 per liter effective 10 p.m. on Tuesday, November 1.

“These reflect the international contract price of LPG for the month of November. Price freeze will be implemented in areas under State of Calamity,” it said.

A number of provinces have been placed under a state of calamity following the impact of Severe Tropical Storm Paeng (international name: Naegi), which hit the country last week.

The price hike comes after firms implemented price cuts in October, extending the downward path of prices since May this year.

Latest data available from the Department of Energy (DOE) show that retail prices of an 11-kilogram cylinder in Metro Manila ranged from P786.95 to P971.95 in October. — RSJ, GMA News