Follow existing fuel pricing rules, DOE orders firms 

MANILA: The Department of Energy (DOE) directed local fuel companies, retail stations, and downstream oil industry participants to comply with existing fuel pricing rules and anti-hoarding regulations.

The agency gave the instruction in compliance to the directive of President Ferdinand Marcos Jr. amid the developments in the global oil markets.

Such a directive is designed to ensure the organized sale and distribution of petroleum products.

Per DOE, no unscheduled or unauthorized movements should be implemented outside established pricing adjustments.

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Local players are also ordered to ensure that their company-owned and dealer-operated stations comply with DOE directives, including authorized staggered price adjustments.

According to the DOE, the pump prices from March 6-9 ranges:

• Gasoline (RON 97/100): P53.70-P76.50 per liter
• Gasoline (RON 95): P50-P71.04 per liter
• Gasoline (RON 91): P49-P64.70 per liter
• Diesel: P49-P66.59 per liter
• Diesel Plus: P56.80-P74.81 per liter
• Kerosene: P78.90-P99.89 per liter

“We recognize that the industry operates under challenging global conditions, and we appreciate those who continue to act responsibly. At the same time, we will not allow any party to take advantage of the situation. Fair pricing and adequate supply are a commitment to every Filipino whose daily needs depend on it,” Energy Secretary Sharon Garin said.

To ensure that it is enforced, the DOE has formally sought the assistance of the Department of the Interior and Local Government and the Philippine National Police to monitor activities at gasoline stations nationwide. 

Hoarding and other abnormal or illegal sales practices involving petroleum products — under Batas Pambansa Blg. 33, as amended by Presidential Decree 1865 — are subject to corresponding administrative and criminal sanctions under existing laws.

Further, the DOE also warned against improper container loading, “bote-bote” sales, and the filling of drums, gallons, or other containers for purposes of stockpiling.

Violators will face possible revocation of the Certificate of Compliance or License to Operate, suspension or cancellation of business permits, and the imposition of other applicable administrative or criminal penalties under existing laws and regulations.

The next adjustment is set for Tuesday (March 10).

It can be recalled that the country's chief executive assured the public that the country has sufficient supply of fuel, saying that the stock could last for about 50-60 days.

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