Dealers see shortage of LPG until February
MANILA, Philippines - Dealers of liquefied petroleum gas (LPG) said yesterday there is a shortage of cooking gas that may last until February next year.
LPG Marketers Association (LPGMA) president Arnel Ty said the supply of LPG from Tabango, Batangas has been disrupted.
“The two bridges in Tabango, Batangas are still impassable. There is totally no LPG withdrawal from Shell and Total,” he said.
“We expect that the supply shortage will affect the market for two months,” he added, but clarified that there has been no increase in LPG demand.
LPGMA members increased their LPG prices by P3.50 per kilogram this month, or about P40 increase per 11-kilo cylinder including value-added tax (VAT).
Prices of LPG rose P4 per liter in November.
An 11-kg cylinder tank of LPG will now cost P620 from P580 per tank.
Department of Energy price monitoring data showed LPG contract prices abroad reached $660 per metric ton in November from $589 per MT in October.
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