LPG Prices Drop Again in May Following Global Price Trends

The decision to lower prices reflects changes in the international contract price of LPG for May. This global pricing trend provides a measure of relief to consumers, particularly following a series of price fluctuations noted in previous months. In April, LPG prices in Metro Manila were reported by the Department of Energy (DOE) to range between P830.00 and P1,068.00 per 11-kilogram cylinder.

This latest price rollback comes on the heels of a P1 per kilo decrease announced earlier in April, which itself followed a price hike in March. The recent adjustments indicate a responsive alignment with global market dynamics, offering some respite to consumers dealing with variable energy costs.

As families prepare for the new month, the reduction in LPG prices is expected to ease household budget constraints, particularly for those who rely heavily on this source of fuel for cooking and heating. The continuing trend of price adjustments highlights the volatility of global energy markets and the direct impact these have on domestic fuel prices.