August 18, 2017: *** The National Grid Corp. of the Philippines (NGCP) is now faced with the problem of looking for usable areas to hold transmission lines that would link the power barge in Tapal Wharf in Ubay town to a substation in Barangay Emelda of the same town. ***The City Government of Tagbilaran is set to sign a memorandum of agreement with BFAR for a multi-million peso livelihood project intended to uplift the living conditions of the fisherfolk. ***47th Infantry Battalion Commanding Officer, Lt. Col. Joel Malig said units under him are currently undergoing intensified intelligence operations along with other allied units to confirm the reports on sightings of armed men in Bohol. *** LGU Pilar's program, "Productivity Improvement thru landcare and Agriculture Resource Development and Management"(Pilar Dam) landed in the top 20 in Taking Look 2017. *** LGU Panglao got third place (3rd-6th class municipalities) in Infrastructure during the 5th Regional Competitiveness Summit held at PICC recently. ***LGU Panglao's entry program "A Purok-Based Approach in Basic Education Reforms/Turo-Turismo: Strengthening Partnership and Industry Linkage for Effective K-12 Implementation is among the 20 finalist of the Galing Pook Awards 2017. ***The towns of Panglao and Pilar are among the 20 finalists in the yearly search for Galing Pook Awards 2017. *** The National Food Authority in Bohol said prices of rice in the province have been on an uptrend since last week reaching an increase of up to P5 per kilo. *** A man listed in the Bohol Provincial Police Office drug watch list was caught last night with drugs weighed 80 grams with estimated street value of P993,000.

Search This Blog

Sunday, April 01, 2012

RDC appeals for equitable Fuel price reduction in CV

Rey Anthony H. Chiu 

TAGBILARAN CITY, Bohol, March 30, 2012 (PIA) – Not content with a noted P2.10 rollback on fuel, Bohol Governor Edgar Chatto revved the issue to the Regional Development Council (RDC) in Central Visayas (CV) to officially appeal to fuel companies to bow down to an equitable reduction of prices of petroleum products. 

A high fuel price in the region would most certainly strain the economy, drastically reducing people’s purchasing power, choking furl-dependent industries and causing an uncalled for price increase in products and services, explains Chatto during the Consultative Forum on Fuel Prices in regional 7 last week. 

Through a joint manifestation, the RDC, through Chairman Governor Chatto successfully orchestrated a region-wide resolution following a joint manifestation for the passage of the urgent appeal to the big three companies during its recent meeting March 26 in Larena, Siquijor. 

Chatto said that the gestation of the manifestation began with the conduct of the Regional Oil Price Summit in Bohol on March 23, 2012. 

There, the problematic situation regarding the prices of petroleum products in Region VII was exhaustively discussed with National and Regional Officials of the Department of Energy (DOE), Department of Trade and Industry (DTI), concerned government agencies, three oil companies representatives with other stakeholders and consumer groups in the region. 

At the forum, fears that the particularly high fuel price was only in the region popped, further alarming consumers who learned that the disparity of prices reached P8.00, when compared to pump prices in Manila and other cities. 

Bohol ex-OIC Governor Victor dela Serna then accused Petron, Caltex and Shell of causing Boholanos to subsidize oil companies, stretching his allegations to collusion to predatory pricing. 

During the same forum, participants learned Cebu enjoys relatively lower prices of fuel compared to its neighboring three provinces, a thing many ascribe to a suit Cebu filed against the big three companies for unfair trade practices, in relation to the Downstream Oil Deregulation Act of 1998. 

Noteworthy was that even as most observers say the forum in Bohol was practically useless as it was not the DOE who calls the shots in reducing prices, a P2.00 reduction in gasoline and P1.50 on diesel per liter was noted. 

Governor Chatto on Friday at the Kita u gang Gobernador cited Petron for rolling back its pump prices after the forum. 

A few days later, Shell came up with an even bigger rollback at P2.10 for gasoline and P1.50 for diesel, Chatto also said. 

But this did not stop Bohol from bringing the issue to the regional council, noting that “we do not stop the noise until the prices are still up”. 

The RDC then said even with Cebu apparently enjoying a better fuel purchasing power, the situation strains the rest of the sectors in the region’s wages, and could be taxing to other economic development efforts. (30)

No comments:

Contact Us

Philippine Information Agency
Bohol Information Center
LMP Building, K of C Drive, Poblacion II, Tagbilaran City
Telephone Numbers (038) 412-2292, 501-8554