Proposed amendments to oil deregulation law ensure fair pricing
MANILA - Pampanga Rep. Juan Miguel Arroyo, House Committee on Energy chairman, on Monday said the proposed amendments to the Oil Deregulation Law will ensure fair and transparent pricing of fuel products amid the global supply crunch. In the committee report, Arroyo said a task force composed of the Department of Energy (DOE) and the Philippine Competition Commission (PCC) shall be created to investigate any unreasonable increase in the prices of petroleum products. Arroyo said this is among the strong anti-trust safeguards in the measure to ensure fair competition and prevent cartels and mono...