LPGMA says price increase looms in March

Still reeling from the latest round of fuel price hikes, consumers are facing another price hike, this time on liquefied petroleum gas (LPG). The LPG Marketers Association (LPGMA) said the price hike, to come within this month, will likely be at P1 per kilo or P11 per 11-kilo tank. LPGMA party-list Rep. Arnel Ty said this is due to an increase in world contract prices of LPG, radio dzBB's Allan Gatus reported. At present, prices of products sold by the LPGMA stand at P620 per 11-kilo tank. On Tuesday, oil firms imposed another round of price hikes by P1.50 per liter, kerosene by P1.25 per liter, and premium gas by P1 per liter. — LBG/JE, GMA News