DOE sees possible PHP4 LPG price rollback

MANILA — Consumers may expect a possible PHP4 rollback in the price of an 11-kg. Liquefied Petroleum Gas (LPG) cylinder due to a downtrend in the international contract price for LPG, the Department of Energy (DOE) has announced.

In a news release issued late Tuesday, Energy Secretary Alfonso Cusi said that based on their international price monitoring, the contract price for March amounts to USD564 per metric ton (MT), which is USD9 lower than February’s contract price of USD573/MT, translating to a PHP0.36/kg. or a reduction of PHP4 per 11-kg. tank.

Cusi also called on the buying public to check every LPG cylinder to ensure that it has the right quantity and quality.

The department has advised consumers to check the markings on LPG cylinders (brand name, tare weight and seals) and buy from authorized outlets; check the tank for excessive rust and dents; ensure that the collar and foot ring are smooth and properly welded; and make sure that the seal is intact and firmly affixed to the valve.

Cusi also reminded the public that March is Fire Prevention Month, noting that the occurrence of fire increases with the onset of the summer season.

As faulty LPG tanks are one of the major causes of fires, he advised consumers to check their LPG cylinders regularly for leaks, store them in areas with sufficient ventilation, keep them away from electrical switches and outlets, and ensure that they are always in an upright position.

“We do not want to see our people suffer from fire caused by the misguided use of LPG,” the energy chief said.