1 hour ago
3
Upgrade to High-Speed Internet for only ₱1499/month!
Enjoy up to 100 Mbps fiber broadband, perfect for browsing, streaming, and gaming.
Visit Suniway.ph to learn
EJ Macababbad - The Philippine Star
July 10, 2026 | 12:00am
A store helper selling Liquefied Petroleum Gas (LPG) changes the LPG prices on their price board in Paco, Manila on March 25, 2026.
STAR / Edd Gumban
MANILA, Philippines — Prices of liquefied petroleum gas are set to rise by P3 per kilo on July 13 after the Bureau of Internal Revenue (BIR) resumed collection of excise tax for LPG and kerosene.
While all LPG deliveries have been levied since Wednesday, Regasco president Arnel Ty decided to hike prices starting next week.
The increase translates to P33 for the standard 11-kilogram cylinder, which is currently sold anywhere between P1,150 and P1,250 – still above pre-Middle East war prices of around P950 to P1,000.
LPG prices peaked at around P1,600 when the Middle East war began, which unleashed a global energy crisis.
Three weeks into the interim peace deal between the United States and Iran, global oil prices have begun to ease.
The BIR, citing certification from the Department of Energy, said the average price of Dubai crude oil in the Mean of Platts Singapore from June 1 to 30 stood at $79.45 per barrel, falling below the $80-per-barrel threshold as required by law.
President Marcos issued Executive Order 114 on April 16, suspending the collection of excise tax on LPG and kerosene to cushion the economic impact of the Mideast conflict.
Marcos used his powers vested in him under Republic Act 12316, which authorizes the President to suspend excise tax collection on petroleum products for a maximum of three months when average Dubai crude oil prices exceed $80 per barrel for one month.
Ty said the direction of LPG prices will depend on how volatile the situation in the Middle East is.
“We cannot really say where the talks between the US and Iran will be going,” Ty told radio dzBB. “But at the end of the day, we’re merely observers in the tensions erupting there and the peace talks between the two countries.”
The Regasco chief said the price of an 11-kilogram cylinder could have fallen by about P100 more in August had tensions not flared again.
“In our monitoring, the Dubai crude oil price has gone down to about $72 per barrel. The problem is renewed attacks between the US and Iran in recent days caused the commodity to reach $79,” he said.
