Budgets among Filipino households need upward adjustment with the “super spike” in liquefied petroleum gas (LPG) at P11.18 to P11.20 per kilogram (kg). READ:
Budgets among Filipino households need upward adjustment with the “super spike” in liquefied petroleum gas at P11.18 to P11.20 per kilogram .
LPG firms that already announced their price hikes effective Wednesday, Feb. 1, include leading player Petron Corporation and Phoenix Petroleum at P11.20 per kilogram; while their competitor-company Solane implemented slightly lower adjustment of P11.18 per kg – all inclusive of value added tax charges.
Additionally, the price of autoLPG for the transport sector had been jacked up by P6.25 per liter by Petron and Phoenix Petroleum; while Cleanfuel had way leaner price uptick of P5.50 per liter. This surge in LPG prices will add up to the endless financial burden of Filipino families – sweeping through inflated costs of basic commodities and services; rising prices at the petroleum pumps; and next one will be the highly anticipated spiral in electricity rates that may even be compounded by service disruptions in the summer months.
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