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February 23, 2008

PHILIPPINES/OIL POLICY
Govt oil imports to be centralised

Philippines President Gloria Macapagal Arroyo has designated the Department of Budget and Management (DBM) as the central body that would buy the oil needs of all government agencies to ensure transparency and save on cost, PNA reported.

Budget Secretary Rolando Andaya, during the taping of the weekly show "The Cabinet Speaks" aired over the government station NBN 4, on Thursday explained there would only be one office that would import the petroleum needs of the government, and only one office who would conduct the bidding and monitoring of the governments oil imports.

"Instead of the government agencies conducting separate procurements, which is the system being followed right now, the new system would be centralized," he said. Andaya said the government would not only be assured of transparency but would also be able to avail itself of bulk sale discounts. The government spends around P5 billion (US$123 million) on its petroleum, oil and lubricants, and 85 per cent of this is consumed by military and police vehicles, he said.


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