Perspire for an extra mile

Consumers, brace yourselves and fill up your tanks earlier as oil companies projected another major hike in petroleum in the coming week.

Illustration by Roy Ajero

Oil industry earlier said that diesel prices will soar between P 4.20 to P 4.50 per liter; and gasoline might rise by P 1.40 to P 1.90 per liter.

These massive trains of hike are the result of European Union (EU) banning Russian seaborne imports, in line with its' invasion to Ukraine, thus Middle Eastern countries shoulders the production of oil to the global market.

At present, consumers suffer from this event, albeit Department of Energy (DOE) Sec. Alfonso G. Cusi, on March 2, assured the public of the sufficiency of the country's oil supply.

But this alone doesn't guarantee us enough supply of petroleum products, as demands overtake supplies, we know for a fact that this product will soon be scarce - and in return to this scarcity, the oil commodities will sooner be astronomically pricier than before. These hikes one after another will indubitably whack consumer's pockets.

Prior to this impending hike, it will be a continuous burden for most of us, but above all to all PUB, PUJ, and PUV operators as well as other consumers of petroleum commodities.

Such a gradual shift to renewable sources of energy would be the government's turning-point to answer the call of this unprecedented time. If only the government invested more on renewable energy than being obsessed with importing fossil fuels, this would change everything. For commuters, it turns out investing or buying a bike would be beneficial for your health and for your wealth. After all, Department of Transportation (DOTr) setup a network of bike lanes in the metro.