Garin: No quick fix to rising fuel prices
GAS station personnel assist motorists refueling at a station along East Avenue in Quezon City on Friday, 20 June. The Department of Energy warned that diesel prices may increase by up to P5 per liter next week due to rising global oil prices. President Ferdinand Marcos Jr. earlier said the government is prepared to provide fuel subsidies to sectors most affected by potential oil supply disruptions stemming from tensions between Israel and Iran.
Photo by Analy Labor for DAILY TRIBUNE
Energy Officer-in-Charge Sharon Garin said Sunday that the country continues to face challenges when it comes to importing fuel.
In an interview, Garin emphasized that there is no quick fix to the current fuel price hikes. “Importing fuel is really the issue, but fixing it will take time and proper planning,” she explained.
She noted that market conditions vary. “Sometimes the situation benefits consumers, while other times it benefits fuel companies — it really depends.”
“We just have to be patient — prices will eventually go down,” she added.
Fuel prices are expected to rise again next week, but Garin expressed hope that rates would stabilize soon.
Garin also said it’s time for the Department of Energy to actively inspect gas stations to make sure they’re following rules.