LPG prices to go down effective July 1, 2022

Households should breathe a sigh of relief next month as liquefied petroleum gas (LPG) prices are expected to be slashed effective Friday, July 1.

In an advisory on Thursday, Petron Corporation announced it will implement a P0.40 per kilogram rollback in its household LPG prices. The price adjustment will take effect at 12:01 a.m.

The downward adjustment is equivalent to a P4.40 reduction in the price of a typical 11-kilogram LPG tank.

Solane, likewise, said it will decrease its LPG price by P0.36 per kilogram, effective at 6 a.m. on July 1.

Data from the Department of Energy as of June showed the retail prices of an 11-kilogram LPG cylinder range between P879.20 and P1,107.09.

Petron also announced it will slash its AutoLPG price by P0.22 per liter at the same time.

“These reflect the international contract price of LPG for the month of July,” the company said. — BM, GMA News