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LPGMA to roll back prices of products by P1/Kg[/SIZE]
11/04/2008 | 03:05 PM
MANILA, Philippines - The LPG Marketers Association (LPGMA) on Tuesday announced that it will bring down the prices of liquefied petroleum gas by P1 per kilogram and autogas by P1 per liter.
The price rollback will take effect Tuesday midnight, LPGMA president Arnel Ty said in an interview over radio dzBB.
The latest price rollback will bring the price of a cylinder of LPG to P580, he added.
On Sunday, the LPGMA put into effect a P3/kg rollback for LPG and P1.50/liter rollback for autogas. Ty said they are bringing down prices following the spate of oil price decreases in the world market.
- Johanna Camille Sisante, GMANews.TV