21/05/2026
Fuel and LPG Price Monitoring
May 21, 2026
Due to the ongoing conflict in the Middle East, which has significantly affected global oil supply and contributed to rising fuel prices, The Local Government Unit of Bingawan Iloilo - Philippines, through its Local Price Coordinating Council (LPCC) and the Office of Economic Enterprise, Dindo G. Asumbra, Administrative Aide III, conducted a monitoring of fuel and LPG retail outlets within the municipality.
The monitoring activity is anchored on Republic Act No. 7581 (Price Act), which protects consumers by stabilizing the prices of basic necessities and prime commodities and prohibiting hoarding, profiteering, and other unfair trade practices, and on Executive Order No. 23, Series of 2026, which organized the Municipal Price Coordinating Council to implement and monitor price stabilization measures at the local level.
The monitoring focused on:
-ensuring fuel and LPG price compliance;
-availability and sufficiency of supply; and,
-adherence to fair selling practices by retail outlets.
Through proactive monitoring and strict adherence to existing laws and local policies, the LGU of Bingawan ensures that essential commodities remain accessible, fairly priced, and availableāhelping protect consumers, support local livelihoods, and maintain a stable and resilient community