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Amid expected gas price drop, LPG prices to increase by May 1 due to higher contract price

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ABS-CBN News

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt="Workers prepare LPG tanks for delivery for refill in a reseller in Brgy. Bagong Silangan in Quezon City on February 1, 2023. Mark Demayo, ABS-CBN News/File" src="https://sa.kapamilya.com/absnews/abscbnnews/media/2023/news/04/30/20230201-lpg-tanks-md-1.jpg"/><figcaption>Workers prepare LPG tanks for delivery for refill in a reseller in Brgy. Bagong Silangan in Quezon City on February 1, 2023. <em>Mark Demayo, ABS-CBN News/File</em></figcaption></figure></div><p>MANILA (UPDATED) - The prices of liquified petroleum gas (LPG) will increase this May due to the higher international contract price.</p><p>Petron on Sunday announced it will implement a P0.85 per kilogram (VAT inclusive) price increase in LPG effective 6 a.m. May 1.</p><p>Prices of autoLPG, on the other hand, will increase by P0.48 per liter.</p><div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt="Alvin" src="https://sa.kapamilya.com/absnews/abscbnnews/media/2023/news/04/30/20230430-alvin.jpg"/></figure></div><p><a href="https://twitter.com/alvinelchico/status/1652674839843606528" target="_blank">Solane</a> likewise announced a P0.85/kg increase in its LPG products, also effective Monday morning.</p><p><a href="https://twitter.com/alvinelchico/status/1652705271461081089" target="_blank">Phoenix</a> LPG Phils., Inc. also said it will be implementing a price increase of P0.85/kg for its Phoenix Super LPG, and P0.48/liter for its AutoLPG effective 12:01 a.m. Monday.</p><p>On Saturday, industry experts said gas prices, including LPG, are expected to drop by more than P1 per liter by May 2.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/04/29/23/gas-prices-to-drop-by-more-than-p1-per-liter-by-may-2">Gas prices to drop by more than P1 per liter by May 2</a></li></ul><p>However, the international contract price of LPG for May increased last minute.</p><div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt="Alvin" src="https://sa.kapamilya.com/absnews/abscbnnews/media/2023/news/04/30/20230430-alvin2.jpg"/></figure></div>

The prices of liquified petroleum gas (LPG) will increase this May due to the higher international contract price.