Fuel rationing under study as diesel shoots up to P160 a liter

Fuel Rationing on the Table Philippines Studies Measures to Address Skyr
Skyrocketing Diesel Prices

The recent surge in diesel prices to P160 per liter has sent shockwaves acr
across the country, prompting President Ferdinand Marcos Jr.'s administrati
administration to explore measures to address the crisis. The president has
has announced that his administration will study proposals for fuel rationi
rationing to ensure a steady supply of oil.

This move comes as other measures to cushion the impact of skyrocketing pet
petroleum product prices are being considered. These include price caps and
and monthly cash assistance for minimum wage earners. Fuel rationing was la
last implemented during the 1970 energy crisis, a period marked by widespre
widespread shortages and long lines at gas stations.

We will discuss this with (Energy) Secretary Sharon Garin, said President
Presidential Communications Office (PCO) Undersecretary Claire Castro in a 
press briefing. All suggestions will be considered.

The Philippines is one of the countries deeply affected by the war in the M
Middle East, which has triggered disruptions in the Strait of Hormuz and le
led to a sharp increase in oil prices. The fighting between forces led by t
the United States and Israel against Iran has caused delays and cancellatio
cancellations of shipments, leading to shortages and price hikes around the
the world.

To address this crisis, the Marcos administration is working closely with t
the Energy Department (DOE) and the Department of Foreign Affairs (DFA) to 
ensure the safe passage of Philippines-bound vessels, particularly those ca
carrying oil. Foreign Affairs Secretary Maria Theresa Lazaro reported that 
Iran has tagged the Philippines as a non-hostile country, which will help
help protect Filipino seafarers and the country's energy supply.

In the midst of chaos, the government remains committed to ensuring the we
welfare of its people, said Castro. Everyone can expect the president to 
lead all measures to maintain the supply of oil in the country.

Meanwhile, diesel prices have increased beyond P160 per liter, with some oi
oil companies already announcing price hikes. Shell has raised diesel price
prices by P19.80 per liter, gasoline by P5.90, and kerosene prices by P9.10
P9.10. Jetti Petroleum will increase its diesel prices by P18.60 per liter,
liter, gasoline by P5.40 starting April 10. Petron has also increased its d
diesel prices by P18.80 per liter, gasoline by P4.90, and kerosene by P8.10
P8.10.

The sharp price climb is expected to have a significant impact on the econo
economy, particularly for low-income households that rely heavily on public
public transportation. The government's decision to study fuel rationing pr
proposals is seen as a step in the right direction to mitigate the effects 
of this crisis.

As the situation continues to unfold, one thing is clear the Marcos admini
administration is committed to ensuring the country's oil supply and protec
protecting the welfare of its people.

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Edward Lance Arellano Lorilla

CEO / Co-Founder

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