The Market Monitor Minding the Nation's Business
The price of cooking gas hiked between P3.40 to P3.45 per kilogram on the first day of 2024.
Petron said it hiked its liquefied petroleum gas (LPG) prices by P3.40 per kg or P37.40 per 11-kg cylinder tank for January, while the Solane-branded LPG increased by P3.45 per kg or P37.95 per 11-kg cylinder tank.
Meanwhile, oil companies also announced price adjustments on other petroleum products that take effect on January 2.
In separate advisories, Caltex, Cleanfuel, Jetti, Petro Gazz, Seaoil, and Shell said they would slash gasoline and diesel prices by P0.10 and P0.35 per liter, respectively.
Caltex, Seaoil, and Shell likewise announced a big-time price rollback of PHP1.40 per liter on kerosene.
Other oil firms are expected to follow.
The Department of Energy’s data showed that gasoline prices in the National Capital Region are from P53.30 to P77.40 per liter, while diesel is between P52.25 and P75.44 per liter, and from P71.85 to P82.10 per liter for kerosene as of January 1. PNA