Fuel supplies stable here

AMIDST rising oil prices and the increasing demand of fuel, Petron Philippines Tagbilaran Depot Superintendent Allan James Tenorio assures Boholanos of ample fuel supply here. Interviewed at the weekly Kapihan sa PIA, Tenorio emphasized that the Tagbilaran Depot can stock 12 days of fuel, including more 36 hours that allow travel time of the supply tankers. “Besides, Petron is supplied by Saudi-Aramco, one of the world's largest oil producing company and a refinery based in Manila ,” he added.

He pressed that the oil crisis is global concern and not just our county's. Since Philippines buys oil abroad, we are vulnerable to any concerns experienced by these countries. With tensions now in Nigeria, considered as Africa's largest oil exporter and the world's eighth largest and with conflict brewing in the Middle East; shortage of supply, threats of terrorism, and increasing demand of oil are factors that caused our unstable prices, he added further. Tenorio cited fuel conservation measures as crucial steps in facing the crisis. For her part, Concordia Erano of DTI-Bohol reported that based on their weekly monitoring, the rising oil prices showed minimal effects to the prices of manufactured goods sold in the local market.

Meanwhile, government continues to search for all possible options to meet the recent crisis. Among them is an austerity and energy conservation campaign, promotion of the use of alternative fuels and a strong partnership between the government and private sectors. Government is also eyeing to implement a four-day workweek, which enables government to save about P150 million, and can create an impact on local-tourism without compromising the effectiveness of public services.

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