Tuesday, March 7, 2017

Energy dep’t expecting P4 LPG price reduction

Posted on March 02, 2017

THE Department of Energy (DoE) is expecting a possible P4 reduction in the price of an 11-kilogram cylinder of liquefied petroleum gas (LPG) with the downtrend in the international contract price for the cooking fuel.

In a statement on Wednesday, Energy Secretary Alfonso G. Cusi said that based on the international price monitoring of its oil industry management bureau (OIMB), the contract price for March could amount to $564 per metric ton (MT), or $9 lower than the $573/MT price in February.

Mr. Cusi said a $9/MT reduction could translate into a 36-centavo cut in the local LPG price, thus a P4 rollback was likely for each LPG cylinder. He urged consumers to always check each cylinder to ensure that its quantity and quality is correct.

“Aside from determining the right price, I encourage the public to also look closely at the quantity of the LPG cylinder by assuring that it is the correct and accurate weight,” he said.

“The quality of the tank should also be taken into consideration especially if it poses certain safety risks,” he added.

The DoE has issued these guidelines to ensure the quality and safety of an LPG-filled cylinder:

1. Buy LPG cylinders with proper markings (brand name, tare weight, etc.) from authorized outlets only;

2. Check the LPG cylinder for excessive rustiness and dents;

3. Ensure that the collar and footring are smooth and properly-welded and

4. Ensure that the LPG seal is intact and firmly affixed to the valve.

“We do not want to see our people suffer from fire caused by the misguided use of LPG,” Mr. Cusi said, pointing to March as “fire prevention month.” -- Victor V. Saulon

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