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Republic Gas Corporation vs. Petron Corporation

REPUBLIC GAS CORPORATION, ARNEL U. TY, MARI ANTONETTE N. TY, ORLANDO REYES, FERRER SUAZO AND ALVIN U. TY, PETITIONERS, VS. PETRON CORPORATION, PILIPINAS SHELL PETROLEUM CORPORATION, AND SHELL INTERNATIONAL PETROLEUM COMPANY LIMITED, RESPONDENTS.

G.R. No. 194062 | 2013-06-17

THIRD DIVISION
D E C I S I O N
 
PERALTA, J.:
 
This resolves the Petition for Review on Certiorari under Rule 45 of the Rules of Court filed by petitioners seeking the reversal of the Decision[1] dated July 2, 2010, and Resolution[2] dated October 11, 2010 of the Court of Appeals (CA) in CA-G.R. SP No. 106385.
 
Stripped of non-essentials, the facts of the case, as summarized by the CA, are as follows:
 
Petitioners Petron Corporation (“Petron” for brevity) and Pilipinas Shell Petroleum Corporation (“Shell” for brevity) are two of the largest bulk suppliers and producers of LPG in the Philippines. Petron...