The rollback in prices of kerosene and diesel prices hardly made a dent in relieving Filipinos from the economic woes that the COVID-19 pandemic and the unabated in rise of fuel cost have caused.
Magsasaka Partylist Rep. Argel Joseph Cabatbat said that while the decision of oil companies to reduce the price of diesel and kerosene is welcome news, the amount deducted is a “pittance compared to the series of hikes the country has seen this year.” Cabatbat said this is far from enough to ease the burden on consumers, especially on Filipino farmers and fishermen.
On the other hand, gasoline is seeing another hefty increase at P1.15/L and LPG is more expensive by around P3/kg. Data show that as of November 2, gasoline prices have gone up by P21.95/L, diesel by P18.10/L, and kerosene by P15.74. Likewise, LPG prices have gone up steadily throughout 2021. The partylist lawmaker also underscored the need to inject more funds to the agriculture sector to sustain existing projects and bankroll new campaigns. He is calling for more subsidy for this sector, especially fertilizer provision.
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