Fuel Price Shocker
Monday, December 20, 2021 | 4190 Views |
According to the release: * Retail pump price of unleaded petrol 93 will increase by P1.60 per litre; *Retail pump price of unleaded petrol 95 will increase by P1.65 per litre; *Retail pump price of diesel 50ppm will increase by P1.75 per litre BERA officials said the latest increase was due to large debts that government has been accumulating to oil companies as a result of not passing on increases in international fuel prices.
Previous pump price increases had not helped as global oil prices kept rising. "The accrued unit rates under recoveries (difference between the actual cost of product and pump price) were never cleared by the price increase because international oil prices have generally been increasing," BERA officials said in a statement. "This has led to the increase of the cumulative debt between government and oil companies. "Therefore, there is need for regular price adjustments to manage unit rates and the cumulative debt to oil companies." Fuel pump prices were previously increased in February, March, July and October, pushing inflation up and mounting pressure on consumers.
The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...