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Auto LPG prices up, too; new hike set next week


Aside from consumers having to grapple with a P3/kilo price hike for liquefied petroleum gas, taxi operators started December on a sour note as well, as dealers imposed an increase in Auto LPG prices. LPG Marketers Association (LPGMA) party list Rep. Arnel Ty said early Wednesday Autogas will now cost around P29.40 per liter. "Yan ang masamang balita, kasama po sila. Ang kanilang per liter ngayon, kung hindi ako nagkakamali, nasa P29.40 per liter," Ty said in an interview on dzBB radio. (That is the bad news. Taxi drivers will also be affected by price hikes in LPG products. Autogas will now cost about P29.40 per liter.) While he did not say how much Autogas cost before Wednesday's price hike, figures from the Department of Energy showed Auto LPG prices were as low as P18.50/liter (Regasco Gas Corp., last adjusted June 8). On the other hand, the Department of Energy (DOE) figures showed the most expensive Auto LPG was at P31 per liter (Flying V, last adjusted Aug. 10). Many taxi operators have had their units converted to use LPG fuel, which is cheaper and cleaner. Ty said the price adjustment was due to the rising trend in world prices of LPG fuel. "Pataas ang trend sa international market price, yan ang trend ngayon (The trend in the international market price of LPG is still going up)," he said. Another hike in December Meanwhile, Ty said a second price hike for this month is likely to take place next week. On Wednesday, LPGMA members had imposed a P3/kilo hike on LPG products, jacking up prices of 11-kg LPG tanks to between P603 and P613. A second price hike of P2/kilo is due next week, he said. "The advice we got from our suppliers was that the next price hike will be next week, P2 per kilo. There will be no more price hikes for the month after that. But at the end of the month we will check prices to see if there is a need to adjust prices in January," he said in Filipino. But Ty said these prices are still lower than that of the major oil players, which act as the LPGMA members' suppliers. He said LPG prices of the bigger firms stand at about P680 per 11-kg tank. "Kami sa kanila bumibili mas mataas sila, di namin maintindihan at di nila pinapaliwanag (We get our supplies from them. We do not understand it and they do not explain it)," he said. — LBG, GMANews.TV

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