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Pandemic: a ‘gift’ to oil companies? - BusinessMirror

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The so-called industry take, or the amount comprising the recovery of all the operating costs and profit margin of an oil company, is the third largest component of the retail price of gasoline and diesel. Know more:

THE so-called industry take, or the amount comprising the recovery of all the operating costs and profit margin of an oil company, is the third largest component of the retail price of gasoline and diesel.

The retail price of diesel, at P73.9 per liter of the same week, is broken down thus: P45.4 , import cost; P13.92 , taxes; P12.86 , industry take; and P1.73 , CME or coco-methyl ester. The House Committee on Energy has approved amendments to the law, institutionalizing the minimum inventory requirement and pushing for the unbundling of fuel prices.

Oil prices for the whole month of June went up as against a whole month of price rollbacks for July. For August, there were three weeks of price reduction for diesel and kerosene, while gasoline prices went down twice. In light of this, Senator Sherwin Gatchalian filed Resolution 78, urging Congress to look into the impact of the ongoing war between Russia and Ukraine on the country’s energy security and affordability.

 

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Pandemic: a ‘gift’ to oil companies? - BusinessMirrorThe so-called industry take, or the amount comprising the recovery of all the operating costs and profit margin of an oil company, is the third largest component of the retail price of gasoline and diesel. Know more:
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