Win wants to reactivate Pantawid Pasada to cushion impact of oil price hikes

Win wants to reactivate Pantawid Pasada to cushion impact of oil price hikes

By Ernie Reyes

MANILA — In the wake of the spiraling increase in oil prices, Senator
Win Gatchalian urged the government to reactivate the fuel subsidy
Pantawid Pasada Program to provide relief to the public transport
sector and cushion the impact of high fuel prices on the riding and
consuming public.

“Ang panawagan ko sa ating pamahalaan ay protektahan natin ang ating
mga tsuper at pasahero. Dito papasok ‘yung programa na Pantawid Pasada
kung saan pinopondohan muna ng gobyerno para ma-absorb ‘yung pagtaas
ng presyo ng petrolyo,” Gatchalian said.

Gatchalian likewise called on the Department of Energy (DOE) to
monitor the compliance of oil companies on their inventory
requirements to ensure adequate supply and help mitigate further price
increases in the coming months.

Gatchalian, in taking note of the global oil supply and price
movements, rang the bell as the country’s oil companies raised pump
prices for the seventh consecutive week.

As much as P1.50 per liter for diesel, P1.45 per liter for kerosene
and P1.30 per liter for gasoline were imposed by Chevron Philippines
Inc., PTT Philippines, Seaoil Philippines, PetroGazz, Unioil Petroleum
Philippines, and Cleanfuel effective Tuesday, October 12, 2021.

The Senate Energy Committee Chairperson said there’s a potential
average increase of P1,422.50 in the monthly expense of jeepneys for
gasoline and a potential average increase of P598.36 for diesel.

To cover for the three-month subsidy of the estimated 178,244 valid
franchise holders of public utility jeepneys (PUJs) nationwide, the
government will have to shell out at least P914,160,894 million,
Gatchalian said.

He further said that the price of gasoline increased to P58.85 per
liter this month compared to P51.25 in October last year while diesel
prices rose to P47.90 per liter this month compared to last year’s
P35.46.

“Itong sitwasyon natin ay maaari pang lumala dahil bukod sa winter
season na, maraming ekonomiya na sa buong mundo ang unti-unting
nagbubukas at dumadami na rin ang gumagamit ng petrolyo. Inaasahan
nating tuloy-tuloy pa ang pagtaas ng presyo ng langis sa pandaigdigang
merkado hanggang sa katapusan ng taon,” Gatchalian said. (ai/mtvn)

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