Gov't working on ways to cushion impact of rising fuel, LPG prices

March 4, 2012 12:57 pm 

MANILA, March 3 – The Aquino administration continues to work on ways to cushion the impact of rising prices of fuel and liquefied petroleum gas (LPG) on the transport sector and ordinary consumers, a Palace spokesperson said.

During a radio interview Saturday over dzRB Radyo ng Bayan, Deputy Presidential spokesperson Abigail Valte said the government continues to watch and discuss the present movement of oil prices to come up with response to help the public.

Valte said the people must realize that the movement in fuel prices was not just a local problem but was also a concern of other countries. And because the trade of petroleum products is deregulated, the public must accept that this was subjected to market forces, she said.

Valte said the Department of Energy (DOE) started last week reloading the cards of drivers and transport operators under the government’s Pantawid Pasada program.

“Alam naman po natin na isa lang po ito doon sa mga sinusubukang paraan ng pagtulong ng ating pamahalaan para sa mga jeepney drivers at sa mga operators ng pampublikong sasakyan,” Valte said.

The Department of Energy and the Department of Transportation and Communications (DOTC) continue to dialogue with transport groups to address their concerns particularly after they warned of possible mass actions, she said.

With regards to the increasing LPG prices that affect ordinary households, Valte said the Palace consulted other government agencies in coming up with interventions that would address the problem.

The Department of Energy said oil prices could possibly increase further next week as tensions grow over Iran’s nuclear ambitions. The United Nations slapped Tehran with four sets of sanctions, in addition to sanctions imposed by the US and European Union, designed to halt its nuclear program.

The international community fears Iran’s current nuclear development is intended to create atomic weapons, which the latter had vehemently denied. (PNA) RMA/PCOO/as/utb


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