Philippines Expects Significant Diesel Price Rollback
The Philippine Department of Energy (DOE) announced an anticipated rollback of almost P25 per liter for diesel this week, with two diesel shipments expected to arrive. The DOE also warned of hefty fines for oil firms defying price orders.
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DOE says two diesel shipments set to arrive this week
The Department of Energy also says the government is purchasing 21,000 metric tons of liquefied petroleum gas (LPG), which is set to arrive by late May
By Tatiana Maligro
Read full article →DOE: Hefty fine awaits oil firms defying price orders
MANILA, Philippines — Local oil firms that defy the government’s cap on fuel price hikes and the set minimum rollback could face hefty fines and jail time. In a media briefing on Monday, Energy Secretary Sharon Garin said the state of national energy emergency declared by President Marcos gives the government more authority to dictate
By cbuban
Read full article →Almost P25-per-liter diesel rollback set this week — DOE
The DOE set a minimum diesel rollback of P24.94 per liter under emergency powers.
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