Sardine makers says coal is cheaper than bunker fuel
To keep the price of canned sardines in the country relatively low, companies prefer to use coal as a cheaper alternative to bunker fuel to run their sardine canning factories.
Roberto Valerio, executive director of the Industrial Group of Zamboanga, said in a Manila Bulletin report that the usage of coal mitigates the impact of external factors in the increase in prices of commodities such as sardines, instant noodles, and other processed foods.
“Long time ago, before the effect ng increase of petroleum products, all of them have already converted from bunker-fired boilers to coal more than 10 years ago,” Valerio said in the report.
As of now, bunker fuel costs P33.50 per liter while coal is at P3,700 per metric, which makes the latter 33 percent cheaper than bunker fuel.