DOE assures ample LPG supply

Posted at 08/11/12 11:09 AM

MANILA, Philippines - The Department of Energy (DOE) has assured households of ample liquefied petroleum gas (LPG) supply as only independent players are having troubles in supply.

“There is enough supply of LPG in the country, including Metro Manila and nearby provinces,” the department said in a statement.

The DOE said the major players have adequate supply of LPG, although some outlets encountered delivery problems because of the recent floods.

Hence, the major firms advised customers to order through their call centers.

Independent players, for their part, are having troubles in their supply, the DOE said.

“Some independent refillers, however, are still waiting for their supply shipments in import vessels which were unable to dock and discharge their LPG load due to the rough sea and high water in the Bataan port,” the DOE said.

The supply of independent refillers is expected to normalize early next week if the flooding subsides and the weather continues to improve.

The DOE has warned retailers not to take advantage of the tight supply situation, adding that LPG prices should be around P700 per 11-kilogram (kg) cylinder.

Early this month, Petron Corp., Isla LPG and Total Philippines Corp. increased prices of cooking gas by P7 per kg or P77 per 11-kg. cylinder.

Late last month, the DOE monitored excessive purchases of refillers ahead of the expected price increases.

Energy Secretary Jose Rene Almendras earlier said the DOE and the Department of Trade and Industry are prepared to penalize hoarders that refuse to sell their inventory.

Under existing rules, overpricing of petroleum products like LPG is sanctioned with an administrative fine of at least P10,000 and an appropriate criminal sentence.