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Palace tells oil firms to go slow in raising fuel prices


Malacañang on Wednesday told oil firms to go slow in raising prices of gasoline and kerosene after typhoon Juan battered northern Luzon. In a press briefing, presidential deputy spokesperson Abigail Valte asked oil firms to be more sensitive to the situation in northern Luzon. She pointed out, however, that the Palace will not interfere if the oil price hikes were warranted. “Kung warranted naman wala naman pong problema ngunit uma-appeal din po sana tayo na hinay-hinay lang po ng kaunti considering the devastation that the typhoon has brought to northern Luzon (If it was warranted, there’s no problem, but we’re also appealing to them to go slow in raising prices considering the devastation that the typhoon brought to northern Luzon)," Valte said. On Tuesday, oil giant Chevron Philippines Inc., Seaoil Philippines Inc., and Phoenix Petroleum Inc. were reported to have raised their gasoline prices by P0.50 per liter and kerosene prices by P0.25 per liter. Typhoon Juan, which made landfall just before noon Monday, left at least 11 people dead and 16 people injured, and an estimated P1.3 billion in damaged crops and property. Valte said Malacañang is leaving it up to the oil firms whether to postpone further oil price increases in light of the typhoon’s devastation. “Nasa kanila na po yun (It’s up to them)," she said. She added that Malacañang has yet to be advised by the Trade and Industry Department on whether a price freeze on other commodities should be imposed on account of typhoon Juan. — Jam Sisante/JE/VS, GMANews.TV

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