MAJOR oil company Petron Corporation announced yesterday the decrease in the price of their liquefied petroleum gas (LPG) by midnight today, November 1.
In an advisory, Petron said the firm will roll back the prices of Gasul and Fiesta Gas by P7.50 per kilogram effective at 12:01 today which is equivalent to P82.50 for every 11-kilogram cylinder.
Aside from Gasul and Fiesta Gas, Petron said it would likewise decrease the price of their Xtend Auto LPG gas by P4.20 per liter.
“These reflect movements in the international contract prices of LPG for the month of November,” the oil firm said.
Other LPG retailers have yet to announce their price cuts but they are likely to follow suit, according to energy sources.