If we implement the “save-a-liter-a-day formula at a P45/liter, this will translate to a daily savings of P70.2 billion for the country’s 1,561,935 diesel-fed vehicles, or in one year, the total savings would hit an eye-popping P78.9 billion.
Executive Secretary Eduardo Ermita said in his weekly press briefing.
According to Ermita, there are 4,211,932 units of gasoline-fed vehicles throughout the country. If they were to consume one liter less fuel a day at the current price of gasoline of P52 a liter, the savings would amount to more than P219 million a day, or P6.6 billion a month.
On a monthly basis, this means a savings of more than P2 billion, or P63.3 billion a year.
Ermita said that for the government’s 80,000 vehicles, a one-liter reduction in fuel consumption would translate to a daily savings of P4 million, P120 million a month, or P1.44 billion a year.
He said the figures were taken from a study undertaken by the Land Transportation Office (LTO).
LTO computed the planned fuel savings based on the total of 4,211,932 registered gasoline-fed vehicles multiplied by P52 per liter; and based on the total of 1,561,935 diesel-fed vehicles multiplied by P45 per liter.
If we implement a program of saving one liter a day
Ø With 4,211,932 gasoline-fed vehicle (source: LTO) and at P52 per liter, we save:
o P219 million a day (P219,020,464.00/day)
o P6.6 billion a month (P6,570,613,920.00/month)
o P78.8 billion a year (P78,847,367,040.00/year)
Ø With 1,561,935 diesel-fed vehicles and at P45 per liter, we save
o P70.3 million a day (P70,287,075.00/day)
o P2 billion a month (P2,108,612,250.00/month)
o P63.3 billion a year (P63,258,367,500.00/year)
Ø For Gov’t vehicles:
o 80,000 vehicles X P50/liter=P4 million/day
o P120 million/month
o P1.44 billion/year
