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THERE
could be a respite this weekend from the successive
rises of fuel prices every weekend, according to an
industry source who requested not to be named.
“We have
yet to compute the under-recoveries for the month. If
the surge continues, then we might have to increase
prices, particularly if peso drops. But we may have a
breather this weekend since we need to compute the
impact of the 50-centavos-per-liter tariff cut on our
prices,” said the source.
Fuel
prices were raised last monthly by as much as P2.50 per
liter on a 50-centavo per liter rise every weekend, and
this month they have already imposed the first
50-centavo increase.
The
source said oil companies have already recouped their
under-recoveries for February and March.
“Eventually, we would have to adjust prices, not this
weekend but maybe in the succeeding weekends,
considering that the price of Dubai crude has hit more
than $100 per barrel. We still don’t know when this
will end. But as of this time, it is still early to tell
how much we will recover for April,” said the source.
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