Malacañang says gov’t has kept prices down | Inquirer News

Malacañang says gov’t has kept prices down

Presidential spokesman Edwin Lacierda: Fallacy. INQUIRER FILE PHOTO

MANILA, Philippines—Malacañang on Monday hit back at administration Sen. Antonio Trillanes IV, who had dared President Aquino to use the Malampaya Fund to provide a subsidy for electricity to consumers, thus challenging a Supreme Court ruling in the process.

“Senator Trillanes should not be so hasty in making general statements. I think he should appreciate the fact that this government has managed to keep prices down, has managed to keep prices within inflation,” said presidential spokesman Edwin Lacierda.

Article continues after this advertisement

Lacierda appeared ticked off when one reporter hinted the Aquino administration was “numb” to the rising cost of power.

FEATURED STORIES

“You don’t give us due credit when the prices of gasoline go down. I think you forget that prices do go down. We’ve kept inflation at a very low rate, at a manageable rate,” he said, adding the government was investigating the new round of power rate adjustments.

“Your assumption, your conclusion that we do nothing, that prices go up, that is a fallacy,” he said.

Article continues after this advertisement

Trillanes on Sunday said the Malampaya Fund could be used to soften the impact of the P4.15 per kilowatt hour increase in power rates.

Article continues after this advertisement

Not for subsidy

Article continues after this advertisement

But the President said he had been advised by Palace lawyers that the recent Supreme Court decision barred the government from doing so. The ruling said the fund could be used only for energy development.

“That’s just his interpretation of the ruling. It doesn’t say it’s illegal to tap it. He should go ahead with it and let the Supreme Court say it’s illegal,” Trillanes said. “As the saying goes, if you’re keen on doing something, you can think of many ways to do it. Otherwise, you offer a lot of excuses.”

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: Inflation, Malacañang

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.