DOE asks oil companies to explain latest price adjustments

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The Department of Energy says oil firms could have implemented even lower rates this week, but did not do so.

DISCREPANCY. For the first time in recent years, computations for price adjustments by the Department of Energy and oil companies register a discrepancy. File photo by Maria Tan/Rapplerthis week. The Department of Energy , however, said the adjustments could have been lower.October 7, to explain how they came up with the rollbacks implemented last Tuesday, October 1.

Most oil companies reduced prices of gasoline by P1.45 per liter, diesel by P0.60 per liter, and kerosene by P1 per liter. Some implemented bigger cuts for gasoline, while other firms implemented lower adjustments for diesel.This week, for the first time in recent years, there has been a difference. "Mas mababa po 'yung rollback nila by about 22 cents for gasoline and about .06 cents for diesel, and we want them to explain it,""Hindi naman po namin sinasabi na mali sila, but we want to give them the opportunity to explain to us bakit po ganoon,"Meanwhile, liquefied petroleum gas had increased by P4.50 per kilo, while auto LPG went up by P2.50 per liter.

"When we computed kung magkano po dapat 'yung iaakyat ng presyo ng LPG this week or this month, mas mataas po 'yung iaakyat ng produkto na LPG kumpara sa dapat iakyat niya compared po sa international world market at sa sinusundan po natin na tinatawag natin na Mean of Platts Singapore,"Under the oil deregulation law, the government cannot dictate on prices set by oil companies.

, where companies would be required to provide a breakdown of import costs, tariffs, and other expenses that affect changes in oil prices.

 

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explain lang? penalize them also. or better yet refund sa mga may resibo. btw yung mga restaurant na nambabawi ng resibo in exchange for a freebie. tax evasion ba yun?

hahayaan na lg?

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