The Manila Times
MANILA, Philippines -- Sen. Bam Aquino filed Senate Bill (SB) 2011 to classify gasoline, diesel, and other petroleum products as basic necessities, placing them under the government’s price control function. In a statement on Monday, the senator said the measure aims to address the "worsening oil crisis burdening many Filipino families." “Across the country, workers, small business owners, farmers, and ordinary households are struggling to make ends meet,” Aquino said. The bill seeks to "address a gap" in Republic Act 7581 or the Price Act by including petroleum products among the basic necessities that may be subjected to a price ceiling during periods of national emergency. "Currently, only liquefied petroleum gas and kerosene are considered basic necessities, while gasoline, diesel, and other petroleum products are not covered by price control mechanisms," Aquino said. “The Philippines is in the midst of a fuel price crisis, and Filipino families are feeling the strain. Rising diesel and gasoline prices have pushed up transportation costs, food prices, and the cost of basic goods,” he said. The bill also extends the allowable period for price control on these products from 15 days to thirty 30 days, ensuring that government interventions remain effective amid sustained price increases. “This proposal complements broader efforts to deliver targeted assistance, support workers and small businesses, and ensure the continuity of essential services during this period of uncertainty,” Aquino added.
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