Oil price hike, posibleng magtuloy-tuloy hanggang katapusan ng taon — DOE | 24 Oras - video Dailymotion

GMA Integrated News

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Transcript

00:00 Oil price hikes are possible until December, according to the Energy Department.

00:06 So some young people are being recommended to the palace to remove the excise tax in the sky.

00:12 Jonathan Andal was the one who decided.

00:14 Since the entry, the former 1,600 pesos were increased to 1,800 pesos,

00:24 which is the boundary that his operator is asking Marshall for.

00:27 Because he accompanied the unbridled price of oil, like 250 per liter diesel price hike tomorrow,

00:34 he is still in debt because the boundary is not reached.

00:37 So sometimes I go to the garage when there is no passenger, I go around, there is no passenger.

00:43 That's why the boundary is not being built.

00:45 This is the 11th diesel price hike.

00:48 The price of diesel from July is already more than 17 pesos per liter.

00:53 This gasoline station in Valenzuela is the cheapest crude oil store in the entire Metro Manila,

00:58 according to the latest monitoring of the Department of Energy.

01:00 The diesel here is 60 pesos per liter, while the gasoline is up to 61 pesos per liter.

01:08 That's why I'm pulling tank.

01:10 If it's going to go up, then it can go down a little.

01:14 Oil is expensive due to high demand.

01:17 The supply of Russia and Saudi Arabia is decreasing, and the storm in the oil rig in Libya is causing a problem.

01:22 The bad news is that the oil price hike is possible until the end of the year.

01:27 But the good news is,

01:29 There is a prospect for additional supply because the sanctions against Venezuela and Iran have been eased.

01:36 The production seems to be good.

01:38 And we said that China will recover.

01:42 While there is no help for public vehicles, which was just started to be distributed on September 13,

01:48 but there are still some who have not received it, and it's only one time for the problem that is not clear when it will end.

01:55 I just heard that there is a help, but no one has received it yet.

02:02 As for the problem, the spending ban of Comelec is now due to the barangay and SK elections.

02:08 Other land banks don't want to release the fuel subsidy card because they are still looking for an exemption.

02:12 If this is still a ban by Comelec, what will happen to the driver's life?

02:16 The LTFRB still has no answer to my question.

02:19 Comelec said,

02:20 We still haven't received an application for fuel subsidy.

02:23 I hope it will be clear where their application is.

02:28 When it comes to Comelec, we will approve the request of the fuel subsidy exemption in one day.

02:33 The 5 pesos petition for additional massage in Jipney is still pending.

02:38 But they will first issue the separate petition for a provisional 1 peso fare increase that the LTFRB is calling for on September 26.

02:45 The cost of the fee will increase again.

02:48 And the cost of buying will increase again.

02:50 In a protest, VAT and excise tax on corn was called to be removed first.

02:55 The removal of excise tax was discussed by the leader of the Chamber and the companies of corn

03:01 that it is possible to recommend to the palace and economic managers.

03:04 But only until December.

03:06 And if it exceeds 80 dollars per barrel, the corn.

03:09 Temporary suspension of the excise taxes.

03:15 You can already perhaps even explore buying oil early or in advance.

03:21 And not wait until December.

03:25 Oil companies were also asked if there are other ways to make the price cheaper.

03:29 But their bodies were not authorized to answer their request.

03:32 For GMA Integrated News, Jonathan Andal, Nakatutok, 24 Hours.

03:37 [News Anchor]

03:39 [News Anchor]

03:54 [Music]

Oil price hike, posibleng magtuloy-tuloy hanggang katapusan ng taon — DOE | 24 Oras

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