Saturday, January 31, 2009

LPG shortage or hoarding?

It's been several weeks since media reported the alleged "shortage" of liquefied petroleum gas (LPG) in some parts of the country, resulting in government investigations.

Government representatives continuously assured the public that there is no truth to the alleged shortage and promised that the supply of LPG will soon stabilize.

Recently, government agents seized some 2,000 11-kg tanks of LPG in a raid on warehouses in a compound in Manila.

Radio dzRH reported that the National Bureau of Investigation (NBI) received a tip from small LPG vendors about oil tankers delivering LPG to the said warehouse in CM Recto Ave., Sta. Cruz Manila.

This strengthens the speculation that some unscrupulous businessmen are behind the LPG shortage which resulted to erratic and higher retail prices of LPG.

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