Price hike on January 15, 2018
MANILA, Philippines — The Department of Energy (DOE) and oil companies have agreed to implement the price increase of oil products on January 15.
Prices of gasoline and diesel will increase by around P3.00 while the price of kerosene will go up by more than P3.00.
An 11-kilogram tank of LPG, on the other hand, will increase by P12.00.
The change on the date will ensure that gasoline stations have already dispensed with their old stocks and will only sell new supplies when the price hike takes effect.
The DOE said the excise tax will only have an effect on new imports and not on old stocks.
DOE explained that gasoline stations replenish their supplies every 15 days, enough time to have old stocks sold out and replaced with new supplies.
“Kapag naubos yan, that’s the only point wherein pwede na siya mag increase sa excise tax (When [the old stocks] run out, that’s the only point wherein they are allowed to increase excise tax),” Oil Industry Management Bureau Director Rino Abad said.
The oil companies have also submitted the list of their inventory to the DOE to ensure that they will have their old stocks sold out first and will post new prices for the public to see.
The DOE has formed a task force that will monitor oil prices and will conduct a regular inspection of refineries and gasoline stations.
Oil companies who will violate the agreement will be fined.
Meanwhile, a transport group will appeal to the Land Transportation Franchising and Regulatory Board (LTFRB) for a two-peso fare increase in jeepneys because of the impending price increase of petroleum products. Stop and Go Coalition said this will affect all jeepney drivers.
“Alam mo kulang pa yan, kaya lang marami pa kasing problemang haharapin. At saka marami naman grupo siguro na mag file ng petisyon,” Stop and Go Coalition President Jun Magno said.
(It’s not even enough, but there are still problems that need to be faced and there are probably other groups who will file a petition.)
The transport group is also concerned that prices of spare parts will also increase.
Meanwhile, a consumer group sets to appeal to President Rodrigo Duterte to appoint a price czar.
Laban Konsyumer Group President Vic Dimagiba said this is a way to protect the rights of the consumers.
“Someone should be looking at the entire supply chain ng sa ganun organisado (so that it will be organized) and that the process is fair, just and good for the benefit of the consumer,” Dimagiba said.
Dimagiba added that a price czar must be a high ranking official from the executive branch who can have the upper hand over other government agencies and price regulators with regard to the TRAIN Act.
The consumer group said the price czar must dedicate a hotline that consumers can call for any abuse or excessive price increases in the market. — Mon Jocson | UNTV News & Rescue
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Kapag magpakarga ng 20 liters na gasolina 60 pesos na kaagad ang damage. Ilang oras lang na drive yan kapag matindi ang traffic ubos kaagad.
Kung may water fuel saver device ang sasakyan sa 25% na savings subra sa bawi dyan.
To use the device just leave a message to FB page; tubig fuel supplement pag-asa ng Pilipino.
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