In response to the growing concerns of residents over the relentless rise in fuel prices in Catanduanes, Provincial Board Member (PBM) Sonny Francisco has confirmed the commitment of several oil companies to implement price adjustments. In an exclusive interview with Radyo Peryodiko, PBM Francisco emphasized that while the Sangguniang Panlalawigan (SP) lacks the authority to dictate terms to oil companies, their role is more about advocating for the public to alleviate the situation.
PBM Francisco expressed satisfaction with the announcement from a major player in the industry, which has pledged to adjust its prices. He described this as a positive step forward in easing the burdens faced by motorists and other sectors in the province. However, he clarified that some companies are still consulting with their management regarding potential price changes.
Leading the discussions on this pressing issue was PBM Jan Ferdinand Alberto, who delivered a privilege speech based on requests from member-consumers. He was joined by fellow PBMs Santos Zafe, Balidoy, Vergara, Fernandez, Raffy Zuniega, and Joselito Alberto. Together, they underscored the urgent need for fair fuel pricing, which has significantly impacted the livelihoods and daily transportation of Catanduanes residents.
PBM Francisco also urged that discounts offered by companies to customers refueling P500 or more should extend to those purchasing less. “Motorists and consumers refueling lower amounts should also benefit from discounts, especially those who rely on their vehicles for daily work,” he stated.
One contributing factor to the high fuel prices in Catanduanes is the “howling” cost of transportation from the mainland to the island, along with natural product evaporation and competition in the bottled fuel market. Notably, some sectors have drawn comparisons between fuel prices in Catanduanes and those in nearby islands like Masbate, which, despite being islands as well, offer lower gasoline prices.
According to PBM Francisco, there will be a hearing to confirm which other oil companies may follow suit with price adjustments. The Department of Energy (DOE), which has the direct authority to monitor and regulate prices, is also expected to engage in discussions to ensure fair and reasonable fuel pricing in the province.
Furthermore, PBM Francisco highlighted that this initiative is part of the local government’s diligent efforts to protect the interests of the public and help alleviate the burdens caused by soaring fuel prices. (BP NewsTeam)
