DOE on the rise in fuel costs

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The De­part­ment of En­ergy (DOE) and your en­tire en­ergy fam­ily are united in tak­ing steps to ease the ef­fects of ris­ing prices, par­tic­u­larly of oil and other petroleum prod­ucts.

The rise in petroleum prices is due to the cur­rent global sit­u­a­tion where in­ter­na­tional po­lit­i­cal and eco­nomic fac­tors are at play:

• US exit from the Iran nuclear deal was ac­com­pa­nied by its re-im­po­si­tion of eco­nomic sanc­tions on Iran, in­clud­ing those re­lated to oil;

• Po­lit­i­cal and eco­nomic in­sta­bil­ity in Venezuela, which has the world’s largest proven oil re­serves and is con­sid­ered one of the largest oil ex­porters in the West; and

• A lack of clear com­mit­ment from oil pro­duc­ing coun­tries for an ac­tual pro­duc­tion in­crease to re­place ex­pected sup­ply con­straints.

Global oil prices also tend to go up in the win­ter months (Oc­to­ber-March), as de­mand for heat­ing is at its high­est.

Even be­fore the on­set of the spike in world petroleum prices, the en­ergy fam­ily has been re­lent­less in work­ing out ways to help our most vul­ner­a­ble sec­tors such as trans­port groups. Pub­lic util­ity ve­hi­cles are able to avail of fuel dis­counts through the con­tin­ued ex­pand­ing part­ner­ship of the DOE with var­i­ous oil com­pa­nies.

Like­wise, we have asked the Philip­pine Na­tional Oil Com­pany – Ex­plo­ration Cor­po­ra­tion, one of our at­tached agen­cies, to look into im­port­ing low-cost diesel to aug­ment sup­ply and of­fer a more af­ford­able fuel op­tion to our pub­lic trans­porta­tion sec­tor.

We are also part of the in­ter-agency Pantawid Pasada pro­gram be­ing led by the De­part­ment of Trans­porta­tion, where fuel sub­sidy cards are be­ing dis­trib­uted to qual­i­fied fran­chise hold­ers of pub­lic util­ity jeep­neys.

Your full co­op­er­a­tion is needed in fac­ing the chal­lenges ahead. Now more than ever, we are ap­peal­ing for each and ev­ery one of us to adopt sim­ple yet far-reach­ing changes in the en­ergy choices we make, with ef­fi­ciency at its core.

Us­ing fuel wisely is one easy way for us to im­me­di­ately cope with cur­rent fuel costs. We have launched a strength­ened in­for­ma­tion cam­paign on fuel sav­ing tips. These help­ful sug­ges­tions and strate­gies on max­i­miz­ing fuel ef­fi­ciency would save us time, money and help our en­vi­ron­ment. For ex­am­ple, plan­ning one errand day for the en­tire fam­ily is a cre­ative way, which al­lows us to spend more time with our loved ones, while de­creas­ing the num­ber of trips we need to make.

A mind­set on en­ergy ef­fi­ciency is key to liv­ing an en­ergy ef­fi­cient life­style. Help­ing bring down the over­all en­ergy de­mand of our coun­try is hinged upon our en­ergy habits. We al­ready have the en­ergy abil­ity. Let us hone it by be­ing smart about our en­ergy choices may it be on fuel or power. Sim­ple tasks such as turn­ing off ap­pli­ances that are not in use be­come sec­ond na­ture when done re­peat­edly. In ad­di­tion, switch­ing to LED light­ing and in­verter tech­nol­ogy sig­nif­i­cantly re­duces our power con­sump­tion, which means lower elec­tric­ity bills.

To­gether with our coun­try’s eco­nomic man­age­ment team, the DOE and your en­tire en­ergy fam­ily re­main un­yield­ing in find­ing ways to man­age the sit­u­a­tion at hand. We will not rest from push­ing vi­tal in­dus­try re­forms, in­clud­ing the craft­ing of poli­cies that pro­mote the ex­plo­ration and de­vel­op­ment of our indige­nous en­ergy re­sources, the ex­pan­sion of our re­new­able en­ergy ca­pa­bil­i­ties, up­hold the in­tegrity of safety and re­siliency stan­dards, and bring power to un­served and un­der­served ar­eas in the Philip­pines.

-De­part­ment of En­ergy.

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