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.

Prices of Diesel, LPG Up Again

Prices of Diesel, LPG Up Again! So what's new?

Fuel prices have regularly gone up in the past months that another rice hike is no longer news for most people. Some people are even anticipating the increase every Saturday.

For the record, the price of fuel have gone up 18 times since January 2008 or a total of P19.50 for diesel and kerosene and P18 for gasoline. Both diesel and gasoline prices went up by P1.50 per liter while that of liquefied petroleum gas went up by P1.00 per kilo this Saturday.

As usual, the price increase has been attributed to the stronger dollar and the rising price of fuel in the world market. Funny but there was no corresponding decrease in local fuel prices when the Philippine peso was up against the Greenback for several months this year.