The situation, in brief
Bus company Victory Liner announced that it is implementing “fuel-saving measures” to reduce costs as oil prices rise due to the US-Iran conflict. In a statement, Victory Liner said: “Simula ngayon, bubuksan lamang ang makina at air-conditioning ng bus limang (5) minuto bago ang nakatakdang oras…
Bus company Victory Liner announced that it is implementing “fuel-saving measures” to reduce costs as oil prices rise due to the US-Iran conflict.
In a statement, Victory Liner said: “Simula ngayon, bubuksan lamang ang makina at air-conditioning ng bus limang (5) minuto bago ang nakatakdang oras ng pag-alis ng biyahe. Gayundin, pansamantalang papatayin ang makina at air-conditioning ng bus sa mga stopover upang makatipid sa konsumo ng krudo.”
The company said these measures aim to help Victory Liner continue providing services amid the rising cost of diesel.
Victory Liner also announced it will temporarily suspend free ride or bus pass privileges.
“Ang mga hakbang na ito ay ginagawa upang mapanatili ang aming kakayahang magpatuloy sa pagbibigay ng ligtas, maaasahan, at maayos na biyahe para sa aming mga pasahero sa kabila ng patuloy na pagtaas ng presyo ng krudo,” the statement read.
The Department of Energy reported that gasoline prices rose to $90 per barrel on Monday, while kerosene prices exceeded $23 per barrel.
This week, gasoline prices marked their eighth consecutive week of increases, rising by P1.90 per liter. Diesel also saw its 10th straight week of increases, rising by P1.90 per liter, while kerosene increased by P1.50 per liter.
