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May 2, 2016 @ 0:38

Watch out for anti-competitive mergers in cooking fuel sector: party-list to Competition Commission

MANILA – The party-list group Liquefied Petroleum Gas Marketers’ Association (LPG-MA) has warned of potential corporate mergers in the cooking fuel sector that could substantially reduce price competition to the detriment of consumers, and has urged the newly constituted Philippine Competition Commission (PCC) to be watchful.

“Should any two of the top four LPG suppliers combine via a merger or acquisition, then the four biggest players will suddenly be reduced to three, and any significant lessening of competition is never good for consumers,” LPG-MA Rep. Arnel Ty, a member of the House energy committee, said in a news release.

“Considering that LPG is classified as a basic necessity under the Revised Price Law, consumers are counting on the PCC to keep the cooking fuel market as highly competitive as possible, to ensure adequate price competition and consumer protection,” Ty said.

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