Pilipinas Shell Petroleum Corp. jacked up yesterday the price of its liquefied petroleum gas products by P4 per kilo or P44 per 11-kilogram LPG cylinder.
Shell spokesman Roberto Kanapi said the price adjustment was due to the higher acquisition cost of the latest LPG imports.
The militant Bagong Alyansang Makabayan (Bayan) criticized the government for its inability to resolve the LPG shortage.
“The latest LPG price increase of P4 per kilo highlights the utter failure of the DOE to protect consumers,” Bayan secretary-general Renato Reyes said.
He stressed “the de facto price ceiling it imposed is meaningless since prices are deregulated anyway.”
“The campaign against hoarders would not amount to much unless the cartel or Big 3 which control 92 percent of the LPG market is also probed for their role in the alleged shortage,” Reyes said.