Saturday, August 13, 2011

High Fuel Prices Inside the Freeport

Comment from a reader on gas prices in Subic:

What happened to the idea that gas should be cheaper on SBMA due to its status as a freeport zone. Lately, gas at the Total, Petron and Bloom stations has averaged two pesos per liter higher than stations in Olongapo and Barretto, and up to three pesos more than outlets on Clark. Only Subic Gas at the Kalaklan Gate has, so far, stayed out of the greed-fest. The stations noted should be avoided until they adopt reasonable pricing standards.

and another:

Has anyone noticed that gas prices on SBMA are P2 higher than in Baretto and Subic?
Not too long ago gas prices were always 5-7 pesos cheaper on SBMA.
Why the price switch??

For those of you that aren't aware the Petron gas station is one of the only Petron stations in the Philippines that carries non Petron fuel. We were informed by a gas retailer that the standard unleaded is actually the local gas from inside the Freeport same as Freeport oil sells. We asked the retailer about this because we noticed that gas mileage from gas purchased from the Petron inside the Freeport was much less than gas purchased outside and also had a negative effect on the injectors of imported cars. They somehow justify delivering a substandard product because of tax issues and the hassle to claim back tax that has already been paid, but as the writers here points out the benefit of the tax savings is not passed on to the consumer.

2 comments:

  1. tax free does not mean profit free. remember where you are.

    ReplyDelete
  2. This should be a reminder to those who tumpet the great deal we will get from the big stinky coal fired electic power plant proposed on the shores of the Subic Bay eco tourism destination.
    We sould support a power plant due to the great savings that will be offered on our future power bills?
    There is no accouting for any of the large local compaines. They charge what they can without regard to costs or market forces.

    ReplyDelete

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