THE COUNTRY’S liquefied petroleum gas (LPG) supply increased to the equivalent of 50 days of inventory, driven by a seasonal decline in consumption that was further exacerbated by soaring prices, according to the LPG Marketers Association, Inc. (LPGMA).
LPGMA Founder Arnel U. Ty said the nationwide demand plunged by 30% month on month in April, mainly due to high prices of LPG products.
Mr. Ty told reporters on Tuesday that the decline this year has been more pronounced than in previous years when LPG demand would drop by 15% in the summer months of March, April and May.
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