BANTAY PRESYO NG PRODUKTONG PETROLYO AND THE UNBUNDLING CIRCULAR NG PAMAHALAAN
JULY 10 2019
ETO SANA ANG IPAPALIWANAG NG MGA OIL COMPANIES AYON SA UNBUNDLING CIRCULAR NG DOE SA PRESYO NG PRODUKTONG PETROLYO PERO MAY TRO.
3 SERVICE STATIONS SA DAHLIA STREET BRGY FAIRVIEW QUEZON CITY FROM JULY 1 7 AND 9 2019 MONITORING REPORT
|42.37 plus .95||48.51. plus 1.20|
|41.97 minus .40||48.76 plus .25|
|41.29 plus .95||47.51 plus 1.20|
|40.89 minus .40||47.76 plus .25|
*rollback Saturday July 6
|42.37 plus .95||49.44 plus 1.20|
|41.97 minus .40||49.69 plus .25|
Observe that amount of prices adjustments for the monitored period are identical although per Liter prices vary per product and per station.
The DOE circular when implemented requires the oil company to submit the details of the weekly adjustments whether increase or decrease to the DOE.
This requirement is contained in articles 4 and 5 of DOE Circular 2019-05-0008 which requires a detailed computation of the individual unbundled price adjustment .
Thus in these monitored prices Shell Phoenix and Petron should submit the adjustments details to the DOE. The circular provides that the release of the data shall comply with the Oil Deregulation law and rules governing freedom to information by the public .
The Oil Deregulation law mandates a competitive market and fair prices of fuel products .
Thus the consumers should be informed whether the identical amounts of weekly prices adjustments represent a regime of competitive market and fair prices which the implementation of the unbundling circular can achieve.