The cost of methamphetamine hydrochloride or shabu has more than doubled, according to the Philippine Drug Enforcement Agency (PDEA).
“The current street price of shabu in the local market continues its rapid rise and now ranges from P1,200 to P25,000 per gram, the highest since 2002 following the government’s intensified anti-drug campaign. This shows an increase of 127.27 percent compared to its previous price of P1,200 to P11,000 per gram from January to June 2016,” PDEA Director General Isidro Lapeña said.
“Basically, the availability and demand for dangerous drugs have a direct effect on its price structure. When the market price of illegal drugs rises, it is generally assessed that there is a scarcity in supply available in the market and vice-versa, an indication that the present government is winning the war against the drug menace,” Lapeña noted.
He added that the price structure of shabu varies depending on the area or place of transaction, payments, and on the quality/purity of the substance.
The street price of shabu is lowest in Region 9 at P1,200 per gram, while in Region 12 it is pegged at P25,000 per gram.
“The scarcity in the supply of shabu can be attributed to the dismantling of seven clandestine laboratories this year, five of them under the administration of President Rodrigo Roa Duterte, and the massive crackdown on high-value drug personalities,” Lapeña said.
“The cost of shabu has reached an all-time high, thanks to the revitalized national anti-drug campaign. We have successfully minimized the supply of shabu in the market and currently maximizing our drug-demand reduction efforts in the communities to complement the former,” the PDEA chief said.