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Thursday, February 13, 2014

Malacanang Vows to Ensure Supply of LPG

Malacanang has pledged to take measures to ensure a steady supply of Liquefied Petroleum Gas (LPG) at a reasonable prices. PCO Sec. Coloma Jr. tried to ease the concerns of consumers amid reports that the closure of a LPG plant in Batangas may trigger higher prices. Coloma said he would ask the Dept. of Energy to verify the reported closure of a LPG facility and it's impact on market prices. He agreed that it is the duty of the government to determine the actual problem and come up with proper solution. Shell Philippines reportedly announced the closure of the Tabangao Plant in Batangas since it will incur huge costs to modernize the 30 year old facility. The LPG Plant reportedly supplies 65% of LPG requirements of Luzon. Some lawmakers have criticized Shell for ill time decision to shut down the LPG facility and warned that it might result to higher prices of the cooking gas. 
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