Among the changes proposed in the unnumbered substitute bill include requiring oil firms to unbundle the cost of petroleum and setting the minimum inventory requirements for fuel products.
Marikina Rep. Stella Quimbo, an economist, proposed that the substitute bill include a provision stating that the Department of Energy's price monitoring system be based on the unbundled retail price of petroleum products.
Based on Quimbo's estimates, the prices of gasoline, kerosene, and diesel have increased by 17.8%, 26.8%, and 35.6%, respectively, since February 21, 2022.
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