Former Rep. Carlos Isagani Zarate
MANILA, Philippines — Former Bayan Muna party-list Rep. Carlos Isagani Zarate urged the government for immediate intervention to ease the burden on Filipino consumers with the latest substantial price hike.
“The Department of Energy should not merely serve as an announcer and justifier of the oil companies’ price hikes,” Zarate said in a statement on Monday.
Article continues after this advertisement“It is imperative for the government to take concrete steps to protect consumers from these burdensome increases,” he added.
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According to Zarate, gasoline is expected to rise by approximately P2.30 to P2.50 per liter and diesel by P2.50 to P2.70 per liter.
Article continues after this advertisementHe issued his statement after Shell Pilipinas and Seaoil announced in separate advisories that the price of diesel would increase by P2.70 per liter. Meanwhile, the prices of gasoline and kerosene will rise by P2.65 and P2.60 per liter, respectively.
Article continues after this advertisementThe report said that the significant adjustments in fuel prices are set to take effect from Tuesday, October 15, with nearly a P3 per liter jump from last week’s costs.
Article continues after this advertisement Prioritize passage of billsZarate urged the Marcos administration to prioritize the passage of the unbundling oil prices bill and eliminate the value-added tax (VAT) on oil.
“These measures will ensure transparency in oil pricing and provide immediate relief by lowering oil prices,” he said.
Article continues after this advertisementZarate emphasized the urgent need for structural reforms in the energy sector to shield Filipinos from unpredictable and unfair oil price increases.
“We urge the government to act decisively in implementing these policies to safeguard the public’s welfare,” he said.
Five bills seek to lower fuel prices:
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Zarate said that House Bill 400 and House Bill 3004 were initially introduced by Bayan Muna in previous Congresses, hoping to be enacted to address rising oil prices. —Emmanuel John Abrisla bet88, INQUIRER.net intern
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