OIL firms raised the price of gasoline by P0.20 per liter but rolled back kerosene prices by P0.15 per liter effective 6 a.m. Tuesday.
The oil firms, however, did not move diesel prices.
“Seaoil will adjust its pump prices per liter effective 6:00AM, 17 October 2017, as follows: gasoline: increase of P0.20, diesel , no adjustment, kerosene, rollback P0.15,” the company said.
Seaoil said the latest adjustments “reflect movements in the international petroleum market.”
Among the companies that issued advisories on the latest adjustment are PTT Philippines, Phoenix Petroleum and Eastern Petroleum while others are expected to follow suit.
Energy Secretary Alfonso Cusi, for his part, underscored strict compliance with the posting of consumer safety and informational signs in gasoline stations stated under the Retail Rules for Liquid Fuels.
“To err on the side of caution is the prudent thing to do, thus the DoE urges full compliance by gasoline stations on the posting of these signs,” Cusi said.
“There’s science behind the informational signs and while there’s debate as to the true causes of such fire incidents in gas stations all over the world, it’s better to be safe than sorry,” Cusi added.
The Energy Department said the public should comply with the rules such as prohibiting smoking, running engine while filling, use of cellular phones, straddling while filling and inappropriate containers in retail stations.
“These signs must be prominently displayed within the premises of gasoline stations for the awareness and information of the public and station personnel,” Cusi said.
Cusi urged the owners/operators of gasoline stations to ensure that these signs were strictly observed by their personnel before fueling vehicles.
Failure to comply with the DoE rules and regulations on safety would subject gasoline stations to appropriate sanctions.
Grave offenses may lead to suspension or revocation of their business permit.
“We do not want such unsafe practices and negligence from both the business operators and the consumers to incur loss of lives. Let’s all be safe and take necessary precautionary measures seriously,” Cusi said.
Republic Act No. 8479 or the “Downstream Oil Industry Deregulation Act of 1998” requires the DOE to promote fair trade practices in the liquid fuel retailing business, including quality and quantity of petroleum products, and ensuring safety from fire, danger, health and environmental risks, among others.