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Thursday, August 23, 2018

EURO-II Option Enhances Competition Among Oil Players


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Department of Energy Secretary Afonso Cusi again clarified that the Department’s directive for oil companies to provide Euro-II compliant diesel fuel - is meant to provide a cheaper diesel alternative, particularly for those operating older vehicles in the public transport sector.

“The DOE is actively finding ways to help control inflation. Bringing in Euro-II compliant diesel fuel gives our countrymen an additional option. Euro-II diesel matches diesel engines without the catalytic converter. These are usually the 2015, 2014 and earlier models of vehicles,” Sec. Cusi said.

In particular, the Energy Chief said those owning older vehicle models from 2015 below, particularly in the transport sector, would benefit from additional savings that the Euro-II diesel fuel would provide.

“With rising prices, each centavo of savings counts,” Sec. Cusi noted.

To ensure proper implementation of the Energy Secretary’s directive, the DOE-Oil Industry Management Bureau (OIMB) required all oil companies to submit their respective implementation programs by the 24th of August 2018.

In their respective implementation plans, the oil companies are expected to indicate the participating retail outlets, the date of intended implementation and other related information for the provision of an additional diesel fuel alternative.

Likewise, the DOE assured consumers that it would continue the stringent monitoring of the quality of fuels being sold in the country.

"We empower our consumers when we give them the ability to choose. We are enhancing the competition among the suppliers. This is what the Euro-II diesel option is all about,” Sec. Cusi said.

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