Gatchalian: Marcos can freeze LPG prices if costs spike sharply

MANILA, Philippines — President Ferdinand Marcos Jr. has the power to take over oil companies’ operations and potentially impose a price freeze if essential oil products like liquefied petroleum gas (LPG) spike to unprecedented levels, Sen. Sherwin Gatchalian said on Monday. In a press briefing, Gatchalian said Republic Act No. 8479, or the Downstream Oil Industry

By mmercado