The Liquefied Petroleum Gas Marketers Association (LPGMA) on Tuesday announced a price rollback on product prices by P1 per kilo for the second time this month.
According to LPGMA party-list Rep. Arnel Ty, the rollback would take effect at 12:01 a.m. Wednesday.
This is the second time that LPGMA had a price rollback this month group’s second rollback for this month.
Last March 19, the group also reduced product prices by P1 per kilo. Since a regular cylinder of LPG weighs 11 kilos, the price adjustment translates to a P11-markdown per tank.
This means that the LPGMA has enforced an accumulated rollback of P22 per 11-kilo cylinder this month.