- CHERYL G. CRUZ
Oil companies announced a rollback in the prices of petroleum products, effective Oct. 25, with the cost of diesel to decrease by P1.10 per liter.
Prices of gasoline will also lessen by P0.35 per liter, and kerosene by P0.45 per liter, to reflect changes in the international oil market, they added.
On Oct. 18, a per liter increase of P2.70 for diesel, P0.80 for gasoline, and P2.90 for kerosene, was implemented by oil companies.
These resulted in total adjustments to stand at a net increase of P38.50/liter for diesel, P16.45/liter for gasoline, and P29.65/liter for kerosene since the start of this year, the Department of Energy Oil Monitor showed.
The DOE, meanwhile, said in a statement that the Comprehensive Roadmap for the Electric Vehicle Industry (CREVI) will be released by the first quarter of 2023, to provide an annual work plan to accelerate the development, commercialization, and utilization of EVs as an alternative mode for the transport sector in the country.
It added that around 9,000 registered electric vehicles and 300 charging stations have already been deployed nationwide.
With the EV industry’s support and cooperation, the existing numbers of EVs and electric vehicle charging stations will gradually increase, with the enactment of Republic Act 11697, or the Electric Vehicle Industry Development Act, and the issuance of its Implementing Rules and Regulations early last month, the DOE said./CGC
