LPG prices going down — Petron cuts 11kg tank by 44 pesos, further reduction likely in December

LPG prices going down — Petron cuts 11kg tank by 44 pesos, further reduction likely in December

📌 On Thursday, November 12, Petron cut the price of all its household LPG (gas tank) products, Petron Gasul and Fiesta Gas, by 44 pesos per 11kg tank (VAT included). With international LPG prices falling, the industry moved the reduction forward, and forecasts say that if the international price decline continues through the end of the month, prices could drop by a further 5–6 pesos per kg in December.

■ What's changing
· Saudi Aramco's LPG contract price was cut by 90 dollars per ton (Philstar·CLTV36).
· Regasco chairman Arnel Ty said the reduction moved up to this month should be counted as part of the December contract price reduction (Philstar).
· ABS-CBN reported that oil companies moved their LPG price cuts forward after the Department of Energy (DOE) decided to exclude this reduction from the December price adjustment.
· Chairman Arnel Ty also said LPG demand this year has fallen by up to 30% (Philstar).

■ Tips for residents and travelers
· When swapping your gas tank, check whether the retailer's price reflects the reduction.
· The size of the additional December cut depends on international prices and is not yet confirmed.

■ Sources
CLTV36 News (11/12), Philstar (11/12), ABS-CBN News (11/12), CLTV36 News (official Facebook, 11/12)

■ Photos
· 1. Graphic announcing the LPG price cut — CLTV36 News (official Facebook)
· 2. File photo · LPG gas tank — CLTV36 News
· 3. File photo · household LPG gas tank — ABS-CBN News