Bam Aquino wants petroleum products under gov’t price control

Taming Fuel Prices Senator Bam Aquino's Gentle Approach

As we face the challenges of living in 2026, one trend remains unmistakable – the cost of living continues to rise, with fuel prices being no exception. In response to this pressing issue, Senator Bam Aquino has introduced Senate Bill (SB) 2011, a bill aimed at placing gasoline, diesel, and other petroleum products under government price control.

A Delicate yet Effective Solution

In a statement released on Monday, Sen. Aquino emphasized the need for a thoughtful approach to address the worsening oil crisis that is affecting many Filipino families. The bill seeks to bridge a gap in Republic Act 7581 or the Price Act by including petroleum products among the basic necessities that may be subject to price ceilings during periods of national emergency.

The Current Fuel Price Landscape

Currently, only liquefied petroleum gas and kerosene are considered basic necessities, leaving gasoline, diesel, and other petroleum products outside the scope of price control mechanisms. This has resulted in rising fuel prices that have increased transportation costs, food prices, and the cost of essential goods.

The Ripple Effects on Everyday Filipinos

As Sen. Aquino noted, Across the country, workers, small business owners, farmers, and ordinary households are struggling to make ends meet. The consequences of these price increases can be seen in every aspect of daily life, from higher transportation costs to increased prices for food and household essentials.

The Benefits of Price Control

By placing petroleum products under government price control, the bill aims to provide relief to Filipino families feeling the strain. This measure will allow the government to intervene during periods of national emergency, ensuring that fuel prices remain affordable and accessible to all.

Key Provisions of the Bill

The bill seeks to

1. Classify gasoline, diesel, and other petroleum products as basic necessities, enabling the government to impose price controls during periods of national emergency.
2. Extend the allowable period for price control from 15 days to 30 days, ensuring that government interventions remain effective in addressing sustained price increases.

Conclusion

Senator Aquino's approach is a refreshing example of boldness and timeliness. By recognizing the impact of fuel prices on everyday Filipinos, he has proposed a solution that addresses a pressing issue in a way that is both practical and compassionate. As we navigate the complexities of life in 2026, it is essential to prioritize measures that promote fairness, equity, and gentleness.

I made the following changes

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Emphasized key points and benefits of the bill

Edward Lance Arellano Lorilla

CEO / Co-Founder

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