Monday, November 3, 2008

Petron, Shell Cuts LPG Prices By P4 Per Kilo

Shell and Petron has reduced the price of their Liquefied Petroleum gas products by P4 per kilo which brings the price of LPG in Davao City from P670 to P626 per tank. The price of LPG is expected to further go down as world prices continue to plunge.

LPG prices in the world market has gone down from $804 in October to only $450 per metric tons this month.

The government and the public are however not content with the P4 reduction per kilo and has demanded a P15 per kilo reduction in the price of LPG. The Liquefied Petroleum Gas marketers' Association however said they will continue to reduce LPG prices until it reaches the ideal P15 per kilo reduction.

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