The LPG Marketers' Association will reduce prices of liquefied petroleum gas products by as much as P0.70 per kilogram starting today, TV Patrol World reported.

The group said that effective February 13, an 11-kilogram LPG cylinder will cost P0.50/kg lower.

Auto LPG, meanwhile, will go down by P0.70/kg.

The price adjustments came less than a week after LPGMA cut prices of LPG products by P0.50 per kilogram starting Thursday last week.

The group attributed last week's cut to the reduced contract prices of LPG in the world market.

The week before, LPGMA also implemented a P0.50/kg cut on LPG products.