(DC file photo)
MANILA – Consumers are set to face higher cooking fuel costs this month as liquefied petroleum gas (LPG) prices are expected to increase by a total of P18 per kilogram amid higher international prices and freight costs linked to the continuing conflict in the Middle East.
LPG Marketers Association founder Arnel Ty said the increase will be implemented in three tranches, beginning with a P10-per-kilogram adjustment on Saturday, Oct. 3. This will be followed by another P5 per kilogram on Oct. 10 and P3 per kilogram on Oct. 17.
Once the full P18-per-kilogram adjustment takes effect, an 11-kilogram LPG cylinder could cost as much as P1,600, up from around P1,400.
Ty attributed the increase to elevated LPG contract prices and freight costs as the Middle East conflict continues to disrupt supply routes. The closure of the Strait of Hormuz has contributed to higher shipping expenses despite the availability of LPG supplies.
China’s move to halt exports of finished petroleum products could also add pressure to supply. Ty said the Department of Energy has instructed LPG companies to seek alternative sources from other countries.
The higher LPG prices are expected to add to operating costs for households and small businesses, particularly eateries and other establishments that rely heavily on cooking gas.
