Local oil companies on Monday announced a hefty cut in the prices of liquefied petroleum gas (LPG) products for August.

In an advisory, Petron said it implemented a P2.05 per kilogram rollback in LPG prices effective Monday, Aug. 1, at 12 noon.

AutoLPG prices also went down by P1.15 per liter .

In the meantime, Solane is also cutting its prices by P2.09 per kg effective Tuesday, Aug. 2, at 6 a.m.

This is the fourth straight month that local oil firms have implemented a rollback in their LPG prices.

“These reflect the international contract price of LPG for the month of August,” said Petron.

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