LKI 36th Press Statement

2019-07-12 00:50:17

BANTAY PRESYO NG PRODUKTONG PETROLYO AND THE UNBUNDLING CIRCULAR NG PAMAHALAAN

JULY 10 2019

ETO SANA ANG IPAPALIWANAG NG MGA OIL COMPANIES AYON SA UNBUNDLING CIRCULAR NG DOE SA PRESYO NG PRODUKTONG PETROLYO PERO MAY TRO.

3 SERVICE STATIONS SA DAHLIA STREET BRGY FAIRVIEW QUEZON CITY FROM JULY 1 7 AND 9 2019 MONITORING REPORT

SHELL STATION 

DIESEL 
GAS
41.42
47.31
42.37 plus .95
48.51. plus 1.20
41.97 minus .40
48.76  plus .25
PHOENIX

DIESEL
GAS 
40.34
46.31
41.29 plus .95
47.51 plus 1.20 
40.89 minus .40 
47.76 plus .25
*rollback Saturday July 6

PETRON 
DIESEL
GAS
41.42
48.24
42.37  plus .95
49.44 plus 1.20
41.97 minus .40
49.69 plus .25
Observe that amount of prices adjustments  for the monitored  period are identical although per Liter prices vary per product and per station. 

The DOE circular when implemented  requires the oil company to submit the details of the weekly adjustments whether increase or decrease to the DOE. 

This requirement is contained in articles  4 and 5 of DOE Circular 2019-05-0008 which requires a detailed computation of the individual unbundled price adjustment .

Thus in these monitored prices   Shell Phoenix and Petron should submit the adjustments details to the DOE. The circular provides that the release  of the data shall comply with the Oil Deregulation law and rules governing freedom to information by the public .

The Oil Deregulation law mandates a  competitive market and fair prices of fuel products . 

Thus the consumers should be informed  whether the  identical amounts of weekly prices adjustments represent a regime  of competitive market and fair prices which the implementation of the unbundling circular can  achieve. 

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