- CHERYL G. CRUZ
Oil companies will implement a mixed movement in the prices of petroleum products on March 14.
The per-liter price of gasoline is set to increase by P0.80 to P1, diesel either with no price change or a trifling rollback of P0.10 per liter, and kerosene also set to decrease by P0.30 to P0.85 per liter.
The exact adjustments will be known on March 13.
Last week, diesel prices went by P1.50 per liter, gasoline by P0.40 per liter, and kerosene by P1.25 per liter, the Department of Energy Oil Monitor showed.
The DOE, meanwhile, will hold a virtual public consultation of the Vehicle Fuel Economy Labeling Program (VFELP) Guidelines and Fuel Economy Performance Rating (FEPR) Guidelines for road transport vehicles on March 14, starting at 9 a.m., via https://tinyurl.com/Registration-PubCon-VFELP-FEPR
It also targets to bring the renewable energy share in the power generation mix to 35 percent by 2030, and 50 percent by 2040 from the current 22 percent. “This translates to greenhouse gas emissions reduction of 35 percent or around 119 million tons of CO2 equivalent by 2040,” the DOE said.
The country’s electric vehicle (EV) roadmap is targeting at least 50 percent of the overall fleet as EVs by 2040 for all sectors.
“This translates to an estimated six million electric vehicles and the deployment of 130,000 electric vehicle charging stations,” the DOE said in a statement, adding this will reduce greenhouse gas emissions and air pollution./CGC
