Infotextblast


Wednesday, January 21, 2015

DOE Visayas, CCCI advise public to save amid oil price slump

                                                                                                          
Central Visayas, January 21 (PIA) ---- The Department of Energy (DOE) Visayas and the Cebu Chamber of Commerce and Industry (CCCI) advice the public to use the advantage of the present oil price slump.

In a recent Association of Government Information Officers (AGIO-7) forum, Engr. Saul Gonzales Chief of the Energy Industry Management Division of the Department of Energy (DOE) Visayas appeal to public to use this opportunity of a price slump to save any possible resources as this is not permanent.
“The drop of petroleum is not permanent, start saving.” Gonzales said.
Seen as one factor that can contribute for the public to save resources is the P 1 reduce in public utility vehicles’ fare.
Gonzales added that although at present the impact and advantage seen in the oil price drop is in the ordinary citizens’ transport fare,  still this is seems to be a big factor for the public to save.
Meanwhile Teresa Chan President of the Cebu Chamber of Commerce and Industry encouraged the public not to spend their excess money on unnecessary expenses but rather save it for amortization.
“I advise them to save instead and use it to increase their payment on amortization like housing,” Chan said.
At present as the oil price drop the public and the commuters then benefited the decrease in the public utility jeepney (PUJ) fare by one peso from eight to seven pesos now. (mbcn/ays/PIA-7/AGIO-7 Forum)