Pilipinas Shell Petroleum Corp, the Oil refiner and retailer, seems to be in the Philippine government’s spotlight nowadays. One issue it is facing along with the other oil companies is the high price of LPG, which had been partially deflected to the LPG retailers and distributors. They are being accused of hoarding the cooking fuel to artificially inflate the price.
Issues facing the company directly however is its delay to list their shares in the Philippine Stock Exchange (PSE). Over ten years have already passed since Oil Refiners were required by the passage of RA 8479 (Oil Deregulation Act) to go public. Shell has admitted that they have no “final” plans as to their IPO citing that issues with the Supreme Court and their Oil Depot in Pandacan have complicated their plans.
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