The Department of Energy is not keen on giving its own calculation of cost impacts, but it indicated that some products – including diesel may incur significant price adjustment.
To ease the cost backlash in the Philippine oil market and the shipping sector, there are current proposals to also enforce “Pantawid Dagat Program”, similar to the “Pantawid Pasada” as a subsidy mechanism relative to this development. Domestically, it is the Maritime Industry Authority that has been working on a roadmap to delay the 0.5-percent sulfur content for the domestic shipping industry.
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Oil firms told: Display weekly price adjustmentsThe country’s oil companies as well as their dealers will be required to display all price adjustments’ information – not just the total price per product - in their stations on a weekly basis.
Source: manilabulletin - 🏆 25. / 51 Read more »