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Bacolod City, Philippines Tuesday, August 23, 2011
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Guv joins call for oil price cut

Gov. Alfredo Marañon Jr. yesterday joined the call of congressmen for oil firms to bring down the price disparity between fuel sold in Negros Occidental and Metro Manila from P3 to P1.50 per liter.

He also called on more oil firms to set up pumping stations in Negros Occidental to provide competition, and bring down fuel prices in the province.

Transport and business groups have been complaining that prices of fuel in Negros Occidental are excessively higher that in Metro Manila, triggering a House Committee on Energy Hearing in Bacolod City Friday.

Department of Energy and oil firms representatives during the hearing announced that the price disparity between fuel sold in Negros Occidental and Metro Manila had dropped to P3 from a high of P5, but Negrense congressmen said it was still excessive and should go down further.

Rep. Alfredo Abelardo Benitez said he believes that the price disparity between Metro Manila and Bacolod can be brought down to P1.50 to cover freight cost.

Bayan Muna Rep. Neri Colmenares said he agrees with Benitez that the P3 price difference between Metro Manila and Bacolod is too high and is unreasonable, and said it can still be brought down to P1.40 to P1.60.

Frank Carbon, president of the Metro Bacolod Chamber of Commerce and Industry, reiterated his call for the amendment of the Oil Deregulatory Law to give police powers to the Department of Energy, to prevent excessive fuel rate increase.*CPG




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