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Article: PHILIPPINES LPG DEALERS FEAR SUPPLY SHORTAGE, WARN OF PRICE HIKES.
- Article from:
- AsiaPulse News
- Article date:
- November 10, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MANILA, Nov 10 Asia Pulse - Dealers of liquefied petroleum gas (LPG) foresee an impending product supply shortage in the Philippine market and a price hike of between US$ 20 and US$ 30 per metric ton in the international market.
Arnel Ty, president of LPG Marketers Association (LPGMA) said there were only two scenarios that consumers could expect with the LPG prices continue to go up, especially with the imposition of Executive Order 839 which put a cap on prices of petroleum products including LPG.
Ty said the first possible scenario, if the government will not lift EO 839, big oil companies would likely decide to postpone importation of LPG, which ...