Prices of liquefied petroleum gas (LPG) rose on Sunday, February 1, following announcements of price hikes by LPG firms Petron and Solane on Saturday, January 31. Petron applied a P1.50 per kilogram increase, while Solane implemented a P1.55 per kilogram adjustment.
In Manila, Philippines, LPG companies raised prices in line with February's international LPG contract price adjustment. Petron's P1.50 per kilogram hike took effect at 12:01 a.m. on Sunday, while Solane's P1.55 per kilogram increase began at 6 a.m. the same day.
Media reports indicate that this adjustment reflects global contract changes for the month. In January, Petron had increased prices by P2.18 per kilogram, with Solane matching that amount.
This rise is part of routine LPG price fluctuations, impacting households that rely on it for cooking and daily needs. No direct quotes from the companies appear in reports, but the announcements stem from their official statements.
