The city government of Davao has intensified monitoring of fuel prices in the city following a surge in global oil costs linked to escalating tensions in the Middle East.
City Information Officer Harvey Lanticse said the local government has directed concerned offices to ensure that gasoline stations strictly comply with prescribed fuel pricing regulations.
Lanticse said the Business Bureau has been tasked to conduct regular inspections of gasoline stations across the city.
He said the inspections aim to prevent illegal practices such as premature price increases, hoarding of fuel products, and overpricing.
“The Local Government Unit is closely monitoring fuel price movements,” Lanticse said.
Lanticse stressed that the move is meant to protect consumers from unfair fuel pricing.
He added that the inspections form part of the city’s proactive efforts to ensure fuel retailers follow national pricing guidelines and maintain transparency in their operations.
The city government of Davao is also encouraging residents to report any irregularities they may observe at gasoline stations through the Davao City Reports.
The monitoring comes as global oil prices surged past $114 per barrel on Monday for the first time since 2022 amid escalating conflict involving Iran.
The intensifying war has raised concerns about possible disruptions to oil production and shipping routes in the Middle East, contributing to rising fuel prices worldwide.
Lanticse said the city will continue to closely track developments in the global oil market and implement necessary measures to safeguard the interests of consumers in Davao City.
