Pryce Gases

What Pryce Gases does

Pryce Gases, Inc. (PGI) is a Philippine company founded in 1987 and headquartered in Makati, Philippines, that imports, stores, and distributes Liquefied Petroleum Gas (LPG) under the PRYCEGAS brand and manufactures industrial gases (oxygen, acetylene). LPG, marketed under the PRYCEGAS trade name launched in 1996, is distributed through a nationwide network of 250+ sales centers and direct-to-consumer home delivery, with orders placed via the company's website, iOS/Android mobile apps, or toll-free hotline (#98000). Operations began in 1988 at its first plant in Mohon, Tagoloan, Misamis Oriental, followed by expansion across Visayas and Mindanao; a new air separation plant in Davao is scheduled for commercial completion in early 2027 to expand industrial gas capacity.

The company operates as a dual-segment industrial: LPG (residential cooking/heating) and industrial gases (manufacturing, welding, healthcare, construction). Revenue mechanics are transaction-based, with LPG accounting for the dominant share. In H1 2026, consolidated revenue reached ₱11.72 billion PHP (up 3.57% YoY), of which ₱10.65 billion came from LPG (up 8.71%) and ₱690.56 million from industrial gases (up 26.25%); consolidated net income held at ₱1.93 billion. The company is publicly traded and was ranked 96 among BusinessWorld Top 200 Conglomerates and 206 among Top 1000 Corporations by gross revenue in 2021, an improvement from rank 223 in 2020.

Pryce Gases operates with 500+ total manpower and serves two primary customer segments: residential LPG households (mass-market) and industrial gas customers (manufacturing, construction, healthcare). The business model relies on physical infrastructure (storage, bottling, air separation plants, sales centers, delivery riders) rather than software or data products, with no disclosed AI/ML capabilities, APIs, or partnerships. Recent strategic emphasis is on industrial gas capacity expansion via the Davao plant and continued nationwide LPG distribution buildout.

Name

Pryce Gases

Legal name

PRYCE GASES, INC.

Website

https://prycegas.com

Company type

Public

Founded year

1987

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Pryce Gases, Inc. is a Philippine company that imports, stores, and distributes LPG under the PRYCEGAS brand and manufactures industrial gases (oxygen, acetylene), serving residential households and industrial customers through 250+ sales centers nationwide.

Ownership category

akta.pro rank

Product category

Liquefied Petroleum Gas & Industrial Gas Distribution

NAICS

Industrial Gas Manufacturing (32512)

SIC

Wholesale-Petroleum Bulk Stations & Terminals (5171), Wholesale-Petroleum & Petroleum Products (No Bulk Stations) (5172)

akta.pro primary industry

Branded Fuels Wholesaling & Jobber Distribution (EUALAIAB)

akta.pro secondary industries

Industrial Gas & Air Separation Equipment (ASU, PSA, Cryogenic Systems) (IMAHAEAI), Gas Handling Equipment & Storage (Cylinders/Tanks/Valves) (IMAEACAL)

Keywords

• Liquefied petroleum gas
• Industrial gas manufacturing
• LPG distribution
• Gas cylinder refills
• Home gas delivery

Headquarters

HQ city

Makati

HQ country

Philippines

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Marketing or Sales

Revenue model

1. LPG Sales: Primary revenue driver - importing, storing and distributing Liquefied Petroleum Gas (LPG) under the PRYCEGAS brand. Revenue of ₱10.65 billion in H1 2026, representing 90.9% of total consolidated revenue of ₱11.72 billion.
2. Industrial Gas Sales: Manufacturing and selling industrial gases including oxygen and acetylene. Revenue of ₱690.56 million in H1 2026, growing 26.25% year-over-year.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Pryce Gases imports, stores, and distributes Liquefied Petroleum Gas (LPG) under the PRYCEGAS brand across the Philippines through 250+ sales centers and a direct-to-consumer home delivery service. The company also manufactures and sells industrial gases, including oxygen and acetylene produced via air separation, serving manufacturing, construction, welding, and healthcare customers. It is expanding industrial gas capacity with a new air separation plant in Davao scheduled for commercial completion in early 2027.

Product overview

Pryce Gases, Inc. (PGI) operates as a dual-segment LPG and industrial gas company. The core product portfolio consists of PRYCEGAS branded Liquefied Petroleum Gas (LPG) for retail and household customers, and an Industrial Gases division that manufactures and sells industrial gases. These two divisions share manufacturing and distribution infrastructure, with the LPG business leveraging over 250 sales centers nationwide and home delivery services, while the industrial gases division serves manufacturing and industrial customers. The company is currently expanding its industrial gas capacity through a new air separation plant in Davao, scheduled for commercial completion in early 2027.

Differentiator

Problem solved

Functional benefit

Products and services

• PRYCEGAS LPG (Liquefied Petroleum Gas) Liquefied Petroleum Gas (LPG) distributed under the PRYCEGAS brand for residential and household cooking and heating use. Imported, stored, and distributed to customers across the Philippines through a network of 250+ sales centers and direct home delivery via the website, mobile app, or toll-free hotline #98000.
• Industrial Gases (Oxygen and Acetylene) Manufactured industrial gases, including oxygen and acetylene, produced using air separation technology at the company's Tagoloan, Misamis Oriental facility and additional plants in the Visayas and Mindanao. Sold to manufacturing, construction, welding, and healthcare customers requiring high-purity gases for industrial processes.

Quantifiable outcome

• Revenue growth of 8.71% in LPG division and 26.25% in industrial gas division in H1 2026
• +1 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators7 records

Recent moves10 records

Expansion highlights4 records

Direct peers

• Air Liquide Philippines: Global industrial gases major with Philippine operations producing and distributing oxygen, nitrogen, and other gases. Directly competes with Pryce Gases' industrial gas division in the same end-markets.
• Petron Corporation: Philippine oil major with a sizable LPG (Gasul) business alongside refining and retail fuel operations. Competes head-on with Pryce Gases in branded LPG and shares the same end-customers nationwide.
• Liquigaz Philippines: One of the leading LPG distributors in the Philippines with comparable nationwide retail and bulk distribution. Directly competes with PRYCEGAS across residential, commercial, and industrial LPG customers.
• Linde Gas Philippines: Industrial gas manufacturer and supplier with Philippines presence serving healthcare, manufacturing, and welding customers. Competes with Pryce Gases' oxygen and acetylene product lines.
• Phoenix Petroleum Philippines: Major Philippine fuel and LPG player with branded cylinder distribution and retail networks. Comparable GTM model combining LPG distribution, bulk fuel operations, and nationwide logistics.

Broad incumbents

• Iwatani Corporation: Japan-headquartered global player in LPG and industrial gases with Asia-Pacific operations. Comparable dual LPG/industrial gas business model to Pryce Gases across regional Asian markets.
• Messer Group: World's largest privately held industrial gas company operating in the Americas, Europe, and Asia. Comparable industrial gas product portfolio (oxygen, acetylene, specialty gases) serving similar welding and manufacturing end-customers.
• Air Products and Chemicals: Global industrial gas major with on-site, merchant, and packaged gas operations across Asia. Broadly competes with Pryce Gases' industrial gas segment, especially for large-volume oxygen and nitrogen contracts.

Emerging players

• SOL Group (Philippines / Asia LPG): European-anchored gas company expanding LPG and medical/industrial gas presence in Asia. Compares to Pryce Gases as a multi-country LPG + industrial gas operator, though less developed in the Philippine market.

Regional players

• Subic Bay Energy / South Sea LPG (regional Philippine LPG distributors): Smaller regional LPG distributors operating in specific Philippine geographies. They compete on price and local service but lack Pryce Gases' 250+ sales center national footprint.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pryce Gases