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Starbucks Philippines increases all beverage prices by P5 | Philstar.com
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Food and Leisure

Starbucks Philippines increases all beverage prices by P5

Jan Milo Severo - Philstar.com
Starbucks Philippines increases all beverage prices by P5
People hold cups with Stars Coffee logo in front of the newly-opened Stars Coffee cafe in Moscow on August 19, 2022. Stars Coffee, a Russian chain that came to replace the American Starbucks in Russia after its departure due to the Ukrainian conflict, opened its first restaurant in Moscow for the general public under the slogan "Bucks is gone, the stars have stayed."
AFP / Natalia Kolesnikova

MANILA, Philippines — Starbucks Philippines announced that they will be increasing prices of all of its beverages by P5 starting September 13 amid sugar price hike. 

"Starting September 13, we increased prices by Php 5 across all our beverages... We regularly review pricing to allow us to properly balance the experience we provide customers with our need to effectively run the business," said the company in a statement.

"We remain committed to providing value to customers in meaningful ways through special promotions and our Starbucks Rewards loyalty program," it added.

Though the popular drink maker didn't directly said that the sugar price hike was the reason of the price increase, the country is currently experiencing a sugar supply shortage. 

Recently, Coca-Cola, Pepsi and RC Cola revealed that they are facing shortage in premium refined sugar.

RELATED: Coca-Cola Philippines says sugar shortage hampering operations

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