TCL says any increase in gas prices will lead to an increase in the price of cement.
In a letter, the companyโs General Manager, Gonzalo Castillo, reportedly stated outright that โTCL does not support the gas price increaseโ.
According to Mr Castillo, the company has been experiencing significant increases in manufacturing costs, including raw materials, packaging and general inflationary pressures.
He adds that a gas price increase would represent a โmaterial and unavoidable cost impact that requires a corresponding revision to our pricingโ.
Mr Castillo says TCL is now awaiting the final determination on natural gas pricing, expected by January 31st 2026.
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This development meanwhile has been noted by former Energy Minister Stuart Young, who labelled it โan example of the UNCโs incompetenceโ.
Mr Young maintains that any increase in gas prices will have far reaching consequences, and believes that food prices will also increase.
