00:00Adjustments for prices of gas at the pump and petroleum products always or almost always take effect on the early
00:06morning of Tuesday, usually at 6 a.m.
00:09Apparently, several gas station owners preempted tomorrow's huge hike in prices by going early and which has caught the attention
00:17of the Department of Energy.
00:18Our Elijah Canlas has more on administrative penalties that await them should their excuses not fly with the DOE.
00:28The Department of Energy Undersecretary Felix William Wimpy Fuentebelio led the race inspection at gasoline stations in Metro Manila.
00:36A day before the scheduled oil price hike tomorrow, several gas stations were found to have committed violations by raising
00:43gasoline prices earlier than the said date.
00:46They were immediately ordered to explain within 24 hours.
00:49Pag hindi po sila or hindi na contento ang Department of Energy, sa kanilang mga reasons, pwede po tayong pumunta
00:59sa sunod na phase,
01:01magbibigay po tayo ng administrative na mga kaso, kasama or hiwalay pa po dyan yung pwedeng ibigay ng criminal case
01:09kung may makita pa yung ating mga abogado sa Department of Energy.
01:13Penalties awaited those proven to have committed violations. Among them, fines, imprisonment, and the possible cancellation of their permit are
01:21also at stake, as per RA-7581 or the Price Act of 1992.
01:27Recently, the DOE released guidelines for the price increase of gasoline, diesel, and kerosene.
01:33Meanwhile, with the ballooning prices of gasoline at hand, some motorists are forced to scrimp and save.
01:38They plead that their fellow motorists do not take advantage of the situation.
01:42Kailangan natin talaga na magtipid talaga sa produkto at iwasan natin yung mga pag-iimbak.
01:48President Ferdinand R. Marcos Jr. had also issued the reminder to businessmen and traders not to take advantage of the
01:54imminent gasoline price hike.
01:56Among the alternatives being eyed by the government are the reduction of excise tax on petroleum products,
02:02the amendment of the Biofuel Act of 2006, fuel subsidies in cash transfers to affected sectors,
02:08and the continued monitoring of the prices of commodities.
02:10Elijah can last from the National TV Network for new and better Philippines.
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