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Workers arrange LPG tanks that are sold along Kamias Road in Quezon City, July 7, 2023. The Department of Energy is now strictly implementing all LPG sellers to secure a License to Operate before they can continue selling LPG products. The LTO is mandated under Republic Act No. 11592 or the LPG Industry Regulation Act of 2021. The LTO is a requirement for all LPG sellers, regardless of their size or the volume of LPG they sell.
This developed after oil firms cut the price of diesel by P1.25 per liter liter but raised the price of gasoline and kerosene by P0.45 per liter and P1.20 per liter, respectively, on Tuesday. Petron captured the biggest market share for LPG as of the first half, according to the Department of Energy. Petron had a market share of 23.66 percent followed by Liquigaz at 19.14 percent, South Pacific at 15.97 percent, Pryce Gases at 15.57 percent and Isla Gas at 12.91 percent.
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