Lacson: DOE Price Adjustments Better than Giving Oil Companies Control

Lacson: DOE price adjustments better than giving oil companies control

MANILA, Philippines — The Department of Energy’s (DOE) price adjustment is preferable than allowing private oil firms control, Senate President Pro Tempore Panfilo “Ping” Lacson said on Tuesday. Lacson made the remark after the DOE announced on Monday that it has the authority to prescribe the price of petroleum products during crisis situations. “The government must use the powers granted to it under a state of national energy emergency. As lon…

Why DOE now sets uniform adjustments for pump prices

The Department of Energy (DOE) now regulates adjustments in the country’s pump prices as consumers continue to grapple with elevated fuel costs due to the conflict in the Middle East. In a press conference on Monday, April 20, Energy Secretary Sharon Garin said this is part of the declaration of a state of national energy emergency, which allows the government to prescribe fuel prices. “So both ways, ‘pag rollback siya dapat kung P24.95 [per lit…