Accc urged to join petrol pricing forum, urges public to weigh up prices in light of higher fuel costs
Published 3:08 PM, May 11, 2016
MANILA, Philippines – When it comes to petrol prices, the Government of the Philippines doesn’t need to look far to find the same issues in its bid to reduce the use of petroleum.
Last week, Secretary Voltaire Gazmin revealed in the National Economic and Social Council (NESC) that the government hopes to create a joint bidding forum by May 16 with the Philippines as the top petroleum bidder, which will be open to all major oil producers, except Saudi Arabia, for oil-related bidding.
Gazmin also said that the government will be sending a letter to Saudi Arabia demanding to have it enter into a joint-bidding forum, if it doesn’t give notice to the PNoy team by then.
A member of the opposition Democratic Action Party (DAP) told Rappler that this doesn’t go far enough for the governm바카라ent.
“How can you say that [Saudi Arabia will enter into a joint-bidding forum], while you are asking the government of the Philippines to come and join?”
Marian Mabayan of the NEDC, who is also co-chairman of the PNoy bid group, also slammed Gazmin’s speech for being “tough ta더킹카지노lk.” (READ: Gas, oil prices, Gazmin: How the government plans to cut consumption)
Mabayan also slammed the price increase on fuel, saying that “the price of natural gas has gone up by 30 percent to a whopping $4 per mmBtu and gasoline is selling at a discount of 80 to 90 cents per liter. That is the same discount we see in the Philippines today as well. They would think that we would buy them oil. That’s ridiculous.”
In September 2016, Gazmin told the Senate committee that a $8/gallon increase in fuel price for a four-wheel drive vehicle (e.g. car) in the Philippines would bring a 10 percent reduction in the petroleum use on the entire grid by 2026, and if that doesn’t happen, then, the price of gasoline will need to be $4, Gazmin said. He added that if that doesn’t happen, the government of the Philippines “can’t affor우리카지노d” to increase the price of petroleum in the Philippines.
Gas pricing group International Federation of the Petroleum Exporting Countries (IPCE), is equally opposed to Gazmi