DoE to help resolve oil price situation in Baguio City
THE Department of Energy (DoE) has initiated a dialogue with the local government unit of Baguio City to give its citizens a detailed understanding of the city’s oil price situation.
Oil Industry Management Bureau Director Rino Abad and Luzon Field Office Acting Director Rey Liganor spearheaded the dialogue with Baguio City Mayor Mauricio Domogan.
“We have to take action on this case because of the persistent allegations on discrepancies in the pricing of fuel in the city, as compared with nearby provinces and regions,” said Energy Secretary Alfonson Cusi.
“Dialogue and monitoring mechanisms are among our means to ensure that transparency in the deregulated oil industry is properly observed and practiced,” he added.
During the meeting, the DoE discussed oil price triggers, which included oil supply and demand situation in Baguio and other provinces in North Luzon, the market situation in the area, and oil pricing analysis.
As encapsulated in the E-Power Mo campaign of the DoE, the initiative is aimed at providing the local government of Baguio City and other stakeholders a better and transparent understanding of the oil industry operations in the area.
The power agency also aims to come up with a resolution on the price discrepancies under the framework of existing laws and regulations.