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| LPG price cut bared |
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| Monday, 08 February 2010 20:01 |
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COOKING gas consumers can expect another price cut this week. The independent retailers of cooking gas said they are set to slash for the second time in a week 50 centavos off the price per kilo of LPG. Arnel Ty, president of the Liquefied Petroleum Gas Marketers Association, said the price cutback would take effect at past midnight Tuesday, exactly a week after their last rollback. Since a regular LPG cylinder weighs 11 kilos, the price adjustment would translate to a P5.50 reduction per tank. The group had earlier enforced a half-peso per kilo rollback, thus bringing their accumulated reductions to P11 per tank so far this month. LPGMA member-brands pulled down retail prices by a total of P22 last month. Ty said the cutback brings their cooking gas price to P586 per cylinder. On the other hand, those from big oil companies sell between P630 and P650. The LPGMA is composed of brands such as Republic Gas, Pinnacle Gas, Cat Gas, Omni Gas, Nation Gas and Island Gas. |
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