Motorists around the country are feeling the strain of the current fuel prices, so much so that the Department of Energy (DOE) is urging oil companies in the Philippines to slow down their oil price increases to help cushion the blow. Both gasoline and diesel prices are going through the roof and breaking records across the board.
Related: Can I trust alternative brand gas stations?
Oil firms may implement a staggered basis for fuel price increases, and according to the DOE’s Oil Industry Management Bureau Assistant Director, Rodela Romero:
“Noong nakaraang linggo po may oil companies na nag-implement ng staggered implementation at mayroon din pong oil companies na hindi nag-implement ng kaniyang adjustment. Hopefully makinig po iyong ating mga kasama sa industriya.” [Last week, some oil companies implemented staggered implementation and some oil companies did not implement its adjustment. Hopefully, our industry colleagues will listen]
Oil companies urged to stagger fuel prices by the DOE—Suspension of Fuel Excise tax unlikely
With fuel reaching an all-time high, companies are being asked to slow price increases down.
Earl Lee on Mar 16, 2022You are here:HomeLatest StoriesNewsOil companies urged to stagger fuel prices by the DOE—Suspension of Fuel Excise tax unlikely
Motorists around the country are feeling the strain of the current fuel prices, so much so that the Department of Energy (DOE) is urging oil companies in the Philippines to slow down their oil price increases to help cushion the blow. Both gasoline and diesel prices are going through the roof and breaking records across the board.
Related: Can I trust alternative brand gas stations?
Oil firms may implement a staggered basis for fuel price increases, and according to the DOE’s Oil Industry Management Bureau Assistant Director, Rodela Romero:
“Noong nakaraang linggo po may oil companies na nag-implement ng staggered implementation at mayroon din pong oil companies na hindi nag-implement ng kaniyang adjustment. Hopefully makinig po iyong ating mga kasama sa industriya.” [Last week, some oil companies implemented staggered implementation and some oil companies did not implement its adjustment. Hopefully, our industry colleagues will listen]
Rodela Romero
Oil Industry Management Bureau Assistant Director, Department of Energy
The DOE wants all oil companies in the Philippines to follow the leads of others, implementing stagger price hikes to help alleviate the growing trouble of rising fuel costs.
Even if there is an increase, the DOE has assured the public that there is enough fuel supply for the country, and certain efforts are being made to work with agencies and affected motorists.
On top of this, the Department of Finance (DOF) has played around with the idea of suspending the fuel excise tax but stated that the lift will benefit the upper-income bracket classes in the country, and might hinder social service programs for the less fortunate.
Instead, the DOF is proposing a subsidy that targets those who need it the most. As is the case with public utility drivers who will be able to receive aid through the Pantawid Pasada Program.
Related Articles
Mazda Philippines ushers in a new generation with the 2023 CX-60—Price starts at P2,790,000P0.50 diesel rollback expected, gasoline to go up by P1.40—November 8, 2022Gasoline to roll back P0.35, Diesel to go down by P1.10—October 25, 2022Gasoline up by P1.20 and Diesel gets huge price hike of P6.85 this week—October 11, 2022New House Bill could reduce fuel tax whenever prices go up
Latest News
- Hyundai unveils the updated Stargazer MPV / NewsJerome Tresvalles · Oct 14, 2025The 2026 Hyundai Stargazer has landed in the Philippines with a fresh look, improved cabin, and upgraded tech features.
- Nissan teases its future product line at the Japan Mobility Show / NewsShaynah Miranda · Oct 14, 2025Nissan gives a look at what’s coming with the all-new LEAF and other future-ready vehicles at this year’s show.
- JETOUR Auto Philippines joins UAAGI brand portfolio / NewsAutodeal · Oct 13, 2025Renowned automotive powerhouse UAAGI continues to expand its lineup as it officially welcomes JETOUR Auto Philippines to its portfolio.
Popular Articles
- Cheapest cars under P700,000 in the PhilippinesJerome Tresvalles · Sep 02, 2024
- First car or next car, the Ford EcoSport is a tough package to beatJun 18, 2021
- Car Maintenance checklist and guide – here’s everything you need to knowEarl Lee · Jan 12, 2021
- Most fuel efficient family cars in the PhilippinesBryan Aaron Rivera · Nov 27, 2020
- 2021 Geely Okavango — Everything you need to knowJoey Deriquito · Nov 19, 2020
- Family cars in the Philippines with the biggest trunksSep 20, 2023
- Head to head: Toyota Rush vs. Suzuki XL7Joey Deriquito · Oct 28, 2020
- Why oil changes are important for your carEarl Lee · Nov 10, 2020
- 2021 Kia Stonic — What you need to know about itJoey Deriquito · Oct 16, 2020
- Top 7 tips for buying a used car in the PhilippinesJoey Deriquito · Nov 26, 2020
