Rollback 50 Cents or More in Fare

A huge Jeepney Group in Metro Manila is set to rollback 50 centavos off their fare according to LTFRB. They also will meet with the agency on Monday.

Efren de Luna of the Alliance of Concerned Transport Operators (ACTO) said that they are ready to implement the 50 centavo rollback and their members are also rooting for this too. This is due to the low average of prices on diesel that ranges from 25 to 27 pesos per liter.

De Luna said that they are all for the 'provisional reduction' if Land Transportation Franchising and Regulatory Board (LTFRB) approves this deal.

The group also mentioned that this fare rollback is an early valentines gift for their passengers. Valentines Day is a big day for Filipinos and they celebrate it bigger than the Americans do. Pasang-Masda another local group says that its ready to cut off their rates if the diesel prices average 26 pesos per liter of diesel in all gasoline stations. He added that not all gasoline stations implemented less prices for diesel fuel. LTFRB Chairman Alberto Suansing on the other hand said they will meet with bus and jeepney operators on Monday February 16 if it is possible for them to have the rollback be bigger.

Gas Price Rollback Again! Hooray!

More price rollbacks! More FUN! ^_^

Oil giants Shell, PETRON, Chevron, Total and Eastern had their prices rolled back this morning. This new price decrease is a new addition to this month’s expected cheaper prices in Diesel fuel which was just announce over public radio this side of the world.

Eastern Petroleum spearheaded the price decrease which too effect about 6 PM of January 15, 2009 with about 50 cents per liter rollback on all their products. Shell, PETRON and Chevron on the other hand will be doing the same deed come midnight of January 16, 2009 in diesel and kerosene products only. Total will be pushing with their own version tomorrow morning at 6 AM for each liter of Gasoline, Diesel and Kerosene. LPG prices at this hour are still affected by supposed lack of supply or hoarding. This huge controversy was being dealt with even as Energy Czar Angelo Reyes commanded the big corporations to tone down prices on Liquefied Petroleum Gas. I hope everyone’s happy cruising in EDSA!

New Price Rollback for January 2009

Uyyy...Ang sweet! Hahaha!

Good news for everyone! The Department of Energy is expecting a major rollback in prices of diesel and gasoline this January. This has been the expected outcome since the prices of oil has not risen significantly in the last few months of 2008. Prices are still too high as to what is computed as fair in the 3 big oil companies.

Energy Secretary Angelo Reyes formally contradicted newbie local oil player Flying V that there would not be a rollback this month because the trend of oil prices is going up in the world market and they have already given the discounts as early as December of last year. They are also warning the public that the oil prices will continue to gain momentum and raise a few dollars more in the coming months. Reyes defended this stand stating that the prices of crude oil in the US was higher even in November which justifies the expected rollback for this month. If it's not given what's due, then an investigation will push through for these private companies he stated.

I just hope he does what he says. ^_^