THE Department of Energy on Friday warned retailers of liquefied petroleum gas (LPG) against jacking up the prices of their products in the wake of heavy rain and floods in past days.
In a statement, the DOE assured the public there is sufficient supply of the commodity, and asked them to report those selling LPG at prices above the retail price of P700 per 11-kg tank.
"We appeal to customers to report to the DOE by calling 8402184, retailers who are selling overpriced products. Overpricing of petroleum products such as LPG is sanctioned with an administrative fine of at least P10,000 and an appropriate criminal offense," it said.
"In light of this condition, we warn retailers not to take advantage of the situation and note that based on our monitoring after the August price increase, the retail price for an 11kg LPG tank should be around P700.00," it added.
Earlier, a report by radio dzBB's Rowena Salvacion said Filipinos may get another whammy as prices of LPG went up.
The report quoted LPG dealers as saying the latest price hike was due to a supply problem, as ships bringing in LPG from abroad could not dock in Bataan due to bad weather conditions.
But the DOE maintained there is enough supply of LPG in the country, including Metro Manila and nearby provinces.
"Major players have advised they have enough supply, and it is best for their customers to order through their 'tawag centers' since some of their outlets may have encountered delivery problems because of the recent floods," it said.
It also said some independent refillers are still waiting for their supply shipments in import vessels, which were unable to dock and discharge its LPG load due to the rough sea and high water in the Bataan port.
"If flooding has subsided and good weather will continue, supply of independent refillers is expected to normalize early next week," it said. (GMA News)