Gate News message, April 20 — The Philippines’ Department of Energy (DOE) now regulates uniform adjustments to pump prices as consumers face elevated fuel costs due to the Middle East conflict. Energy Secretary Sharon Garin announced on Monday that this policy is part of the declaration of a state of national energy emergency, which grants the government authority to prescribe fuel prices.
Under the new mandate, oil companies must follow prescribed minimum and maximum price adjustments. For example, if a rollback is set at P24.95 per liter, it cannot drop to P20 per liter; it must remain at or above the set threshold, such as P25 or P26 per liter. Garin explained that uniform adjustments make it easier for law enforcers to monitor compliance and detect possible profiteering by gas stations, which had previously implemented price changes inconsistently.
President Ferdinand Marcos Jr. announced on April 18 a significant fuel price rollback effective April 21: diesel prices will fall P24.94 per liter, gasoline by P3.41 per liter, and kerosene by P2 per liter. Garin previously told senators that while deregulation works during stable times, the Philippines’ heavy reliance on imported fuel necessitates government intervention during crises.
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