DOE still doesn’t see P100 per liter likely happening

·2 min read
Urban poor residents re-enact the Passion of the Christ while protesting the rising prices of fuel and commodities on April 8, 2022 in Manila, Philippines. DOE
Urban poor residents re-enact the Passion of the Christ while protesting the rising prices of fuel and commodities on April 8, 2022 in Manila, Philippines. The Department of Energy (DOE) still thinks P100 per liter unlikely amid 3 weeks of fuel price hikes. (Photo by Jes Aznar/Getty Images)

The Department of Energy (DOE) insisted on Monday (June 20) that a P100 per liter scenario is still far from reality even if a “dramatic extreme reason” were to influence prices.

Pero ang nangyayari dito, nagpapatong patong patong, may posibilidad ‘yan kung tuloy tuloy na bawat araw, bawat linggo ay tumataas. Pero ‘yung biglaan ho ang pag-angat at pagtaas ng P100, ‘yun ho ay hindi naman mangyayari most likely,” Energy Undersecretary Gerardo Erquiza Jr. said in the Laging Handa briefing.

(But what’s happening here, it accumulates [the oil price increases], there is a possibility that if this continues each day, each week there will be an increase. But prices suddenly reaching P100, that is not likely to happen.)

The price of diesel, however, has reached P100 per liter at a gas station in Borongan City, Eastern Samar. Diesel is already priced at P100.05 per liter, according to local resident Daniel Promeda Osita. Gasoline is priced at P96 per liter in the city.

The surge in fuel prices come after the oil companies implemented another oil price hike on Tuesday.

Growing concern over consumers come after oil refineries Pilipinas Shell Petroleum Corp. and Seaoil Philippine, Inc. announced per liter prices hikes worth P0.80 for gasoline, P3.10 for diesel, and P1.70 for kerosene effective on Tuesday.

This was practically a reiteration of the Energy Department’s position from two weeks ago, when Erguiza originally said that P100 per liter was unlikely.

In a statement, the Laguna chapter of Bagong Alyansang Makabayan (BAYAN) criticized the government for “failing to control the increase in fuel prices since January”, affecting those working in the transportation sector.

Wala nang mas apektado rito kaysa sa mga tricycle at jeepney drayber natin. Sa isang araw hindi bababa sa P1,000 hanggang P2,500 ang ginagastos ng isang drayber para lamang sa gasolina,” they said. “Kung isasama ba ang kaltas sa boundary, sa pang araw-araw na pangangailangan, at iba pang gastusin, hindi na aakyat sa P100 hanggang P200 ang take-home pay ng drayber para sa isang buong araw ng pamamasada.

(There is no one more affected here than our tricycle and jeepney drivers. In a day they spend at least P1,000 to P2,500 for gasoline. If you include the costs for boundary, every day needs, and other expenses, a driver’s take-home pay is only P100 to P200 after an entire day’s work.)

Mark Ernest Famatigan is a news writer who focuses on Philippine politics. He is an advocate for press freedom and regularly follows developments in the Philippine economy. The views expressed are his own.

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