Monday, November 29, 2021

Akbayan seeks fuel subsidy vs. oil price hikes

Oct 20, 2021 @ 11:44
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“Step on the brakes on oil price hikes.”

This was the call of Akbayan Partylist to the government in response to eight weeks of non-stop fuel price increases, as it pushes for fuel subsidy to motorists by reviving the Pantawid Pasada Program.

“Kailangan nating tapakan ang preno at pigilan ang pag-arangkada ng presyo ng gasolina. Kailangan ng mamamayan ng ayuda at proteksyon sa pamamagitan ng fuel subsidy,” Akbayan First Nominee Perci Cendaña said.

Akbayan said that the constant increase in fuel costs are already a burden to motorists, and have effects that will ripple onto other aspects of life for ordinary Filipinos.

“In the middle of a pandemic, this will make life even harder and push more people towards desperation. The government should step in and immediately reactivate and expand the Pantawid Pasada program to alleviate the burden,” Cendaña explained.

Pantawid Pasada is a subsidy program first implemented in 2011 under the administration of President Benigno Simeon Aquino III as part of a contingency plan to provide targeted relief to the public transport sector to cushion the impact of high fuel prices on the riding and consuming public.

It was reported that over the course of two months, diesel fuel costs have increased by a total of P8.65 a liter. Since the start of 2021, diesel has seen a net increase of P18 per liter. The two-month rise in gasoline prices has now totaled P7.20 per liter. Gasoline has increased by a total of P19.70 per liter since the start of the year.

Regular diesel is now at P44.85 to P69.05 in northern Luzon, P41.60 to P61.27 in southern Luzon, P46.80 to P64.95 in the Visayas and P46.10 to P70.65 in Mindanao. Unleaded gasoline is now at P51.45 to P79.80 in northern Luzon, P50.87 to P73.09 in southern Luzon, P54.75 to P73.96 in the Visayas and P53.00 to P74.85 in Mindanao.

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