Tuesday, November 4, 2008

Braga Urge Gov't, Agencies, Private Groups To Closely Monitor Implementation of Fuel, LPG Price Rollback

Davao City Councilor Pilar Braga yesterday urged government offices and private groups to closely monitor if the concerned entities are implementing the roll back in the prices of fuel, Liquefied Petroleum Gas or LPG and fare.

In a resolution she passed during this morning's council session, Braga cited the Department of Trade and industry, Department of Energy, Task Force Liquefied Petroleum Gas, Land Transportation Office and the Franchising Regulatory Board as the government agencies that should spearhead the monitoring of the price rollback, She also urged other consumer groups to monitor the rollback in the prices of LPG, fuel and fare.

Braga said the prices of oil products have rolled back several times during the past weeks. However, she added, oil companies are quick to increase prices but are not that quick when it comes to reducing the prices when there is a price rollback.

The slow pace in the adjustment of taxi and public utility fares is a case in point, she said.

She said the price of LPG has been rolled back the past week but LPG prices in the city practically remain the same.

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