MANILA, Philippines — Liquefied petroleum gas (LPG) prices in the Philippines may soar to as high as ₱1,500 per standard 11-kilogram tank by April, according to the Liquefied Petroleum Gas Marketers Association (LPGMA). The group warned that global oil market volatility and rising import costs are driving the potential increase.

LPGMA President Arnel Ty said the price hike could take effect in the first week of April, depending on international contract prices. 

“We are closely monitoring the situation, but if current trends continue, LPG could reach ₱1,500 per tank,” Ty explained, noting that the increase would be felt by households and small businesses that rely heavily on LPG for cooking and operations.

Industry data show that LPG prices have already been rising steadily in recent weeks, with contract prices in the international market climbing due to supply disruptions linked to the Middle East crisis. Analysts warn that the Philippines, which imports most of its LPG requirements, remains vulnerable to global price shocks.

The Department of Energy (DOE) has acknowledged the risk of further increases, urging consumers to prepare for higher costs. Officials said they are coordinating with suppliers to ensure stable supply despite the price pressures.

Consumer groups have expressed concern that the surge in LPG prices will add to inflationary pressures, especially since food and transport costs are already elevated. Economists warn that the combined effect of rising fuel, rice, and LPG prices could strain household budgets and push inflation beyond government targets.

The looming increase underscores the broader challenge facing the Philippines as global energy markets remain volatile. For millions of Filipino families, a ₱1,500 LPG tank would represent one of the steepest price levels in recent years, highlighting the urgent need for government intervention and long-term energy solutions.