Malacañang yesterday reiterated its search for alternative sources of fuel and other steps to ease the impact of rising world oil prices on the economy and people.
Press Secretary Ignacio Bunye issued the remarks a day after the government implemented a one percent reduction in oil import tariff that resulted to a 50 centavo per liter reduction in diesel prices.
"This administration will continuously search for alternative sources of energy and all other means to accord the public some relief from the pressure of oil price hikes," Bunye said in a statement.
Malacañang has acknowledged that the sixmonth oil tariff reduction scheme was only a temporary effort to protect the people from the pressure of high world prices.
The Philippines, which imports nearly all its petroleum, has been trying to lessen its dependence on expensive imported oil by trying to tap alternative sources of energy, which are locally produced, renewable, and environment friendly.
The President has actively promoted the development of bio ethanol, diesel oil from coconut, and compressed natural gas as part of the government’s alternative fuel program. (Genalyn D. Kabiling)
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