Cebu provincial gov鈥檛 to provide fuel for banks鈥櫶齡enerators听
THE CEBU provincial government will provide banks with fuel under a loan arrangement to help run generators at maximum daily capacity while power supply restoration is still ongoing in the aftermath of typhoon Odette that struck on Dec. 16.听听
Cebu听Gov. Gwendolyn听F.听Garcia听called a special meeting Tuesday to address long queues outside banks as residents scrambled to get cash from automatic teller machines, the provincial government said in a statement.听听听听
Among those who attended the meeting were representatives from the Philippine Veterans Memorial Bank, Landbank of the Philippines (LANDBANK), BDO听Unibank, Inc.,听and听Rizal Commercial Banking Corp. along with Mayor Michael L. Rama of Cebu City, which serves as the province鈥檚 commercial center.听听
The bank representatives said one branch听needs听at听least听60 liters of diesel fuel daily to run听a听generator set for a maximum of six hours only听to avoid overheating.听
Bank branches also need to keep the aircondition units running to keep doors closed for security reasons, the provincial government said.听听听
Apart from banks, there have also been long queues at fuel stations in Cebu City and other parts of the province.听听
The governor has earlier ordered restrictions on fuel purchase and rates to avoid hoarding and a spike in prices, especially in areas outside the urban centers.听听
The fuel that will be provided to banks will be included in the provincial government鈥檚 daily purchase order.听鈥斕齅SJ听
