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‘Safety nets’

MANILA, Philippines (Tempo) – The Aquino administration has begun placing “safety nets” on the local oil industry that seeks to protect consumers from the effects of volatile oil prices, a Department of Energy (DoE) official revealed yesterday. DoE Oil Industry Management Bureau Director Zenaida Monsada said the measures that have been ordered by President Benigno […]

by Phres A. Evardone QUEZON CITY, Philippines (PIA) — President Aquino ordered the Philippine National Oil Corporation (PNOC) to review and study the Oil Deregulation Law to determine when the government can step in to address the heated issue on oil prices, at the same time still follow the global thrust on oil deregulation. This […]

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