LPG prices stable in June

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May 28, 2026 | 12:00am

MANILA, Philippines — Prices of liquefied petroleum gas (LPG) will remain unchanged in June, according to Regasco president Arnel Ty, as rising contract prices offset lower shipping costs.

Ty told The STAR yesterday that freight costs slid by $15 per metric ton, but contract prices surged by $16 per MT.

“Regasco LPG prices for June will be a rollover or (will have) no price adjustment,” he said.

LPG prices remain elevated because the Strait of Hormuz remains closed for commercial shipping.

In an interview with One News’ “Money Talks” on Tuesday, the Regasco chief said LPG prices are still P30 per kilo above pre-Gulf War levels. An 11-kilogram cylinder, for instance, costs an average of P1,350, up from P950 before the Middle East conflict broke out on Feb. 28.

The government’s suspension of the P3-per-kilo excise tax on LPG only provided a “small relief” to consumers, according to Ty, because the price of the commodity had skyrocketed by P47 per kilo since the war began.

Still, LPG prices have fallen by about P17 per kilo over the past seven weeks, with Regasco implementing a P1-per-kilo cut on May 19.

“[Traders] are now getting their products from the United States and [shipping companies] are now getting used to that route,” Ty said. “So, the costs of shipping are continuously going down.”

There’s no guarantee that LPG prices will normalize this year, Ty stressed, noting that besides the closure of the Strait of Hormuz, countries are starting to stockpile supplies for the winter.

A P20-per-kilo reduction, though, is on the horizon if the Strait of Hormuz reopens.