Author Topic: Oil Dealers in Bohol Deny Making a Profit  (Read 569 times)

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Oil Dealers in Bohol Deny Making a Profit
« on: February 27, 2012, 02:27:10 PM »
A major fuel dealer here denies he is getting the fat profits most fuel consumers ascribe in the unusual disparity of oil pump prices in Bohol compared to its neighboring provinces.

Casting off the blame, fuel dealer of Chevron-Caltex Leo Lim admits, given the chance he would go independent player. As independent player, Lim said he could pump up profits of P4.00 to P5.00 compared to the P1.00-P1.50 he is currently getting as profit.

At the forum organized by Governor Edgar Chatto to allow the Department of Energy (DOE) to elucidate on the factors affecting oil pricing and thus explain the huge fuel price disparity between Bohol and its nearby provinces, Lim, who is Caltex main distributor in Bohol, says he’d rather go independent when his contract expires soon.

Bemoaning how hard it has become for them distributing and selling already expensively sourced out fuel and with gas stations mushrooming everywhere, Lim, forecasted that it may not be long before gas stations start closing.

“It’s hard operating as dealer, with the permits, electricity, operations and other attendant costs,” he bewails in front of DOE Undersecretary Jose Layug Jr. and Trade and Industry Regional Director Asteria Caberte.

source: Bohol Standard

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