Consumers are now paying more for liquefied petroleum gas (LPG).??
Effective midnight, Sunday June 13, the retail price of LPG was increased in keeping with the imported cost of petroleum products.?? As a result, the 100-pound cylinder will now be retailed at $156.62 – a hike of $10.12.?? The 25-pound cylinder will now cost $41.74 cents, up by $2.47; while the 20-pound cylinder will now be retailed at $33.39 – an increase of $1.98.
Government has a mechanism in place to regulate petroleum prices in a timely manner.?? To this end, prices are adjusted monthly by the Ministry of Trade, Industry and Commerce, on the advice of the Division of Energy.
Retail prices, therefore, will fluctuate in accordance with the landed cost of imported products.??