LPG prices to rise ₱18 per kilo in three-stage October increase
LPG prices in the Philippines are set to increase by a total of ₱18 per kilogram throughout October due to geopolitical tensions in the Middle East. The price hike will be implemented in three stages despite government efforts to provide tax relief on fuel products.
Why it matters
Rising cooking gas costs place significant financial strain on household budgets, highlighting the vulnerability of local energy prices to global geopolitical instability.
Manila Bulletin - LPG prices to rise ₱18 per kilo in three-stage October increase
LPG prices to rise ₱18 per kilo in three-stage October increase
Household budgets are set to face renewed pressure as liquefied petroleum gas (LPG) prices climb by a total of ₱18 per kilogram this month, even as the government temporarily suspended the excise duties for the fuel. The price increases will be phased across three weeks to absorb the impact of mounting geopolitical conflict in the Middle East, according to Arnel Ty, founder of the LPG Marketers Association. The adjustment begins with an immediate ₱10 per kilogram increase on Oct. 3, followed by a ₱5 spike on Oct. 10 and a final ₱3 rise on Oct. 17. Retail prices for a standard 11-kilogram cylinder are expected to range between ₱1,425 and ₱1,550 depending on the retailer, Ty said.
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