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Dealers to hike LPG prices by P2-P3 next year

Posted by Michille on December 29th, 2006

The LPG Marketers Association is set to raise prices of liquefied petroleum gas products by P2 – P3 per kilogram on January 1, LPGMA president Arnel Ty said Friday.

Ty said international contract prices rose $55 since last month, which led to the increase. He said the group will decide on Saturday on the exact amount of the adjustment.

He said LPG prices could go up further until March next year as other countries stock up on LPG for winter and the Chinese new year.

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