ry ,ALEXIS ROMERO The upward adiustment in will refer ii to the DOE-DOJ Cusi said thev issued show- of the

thev issued show- of the cornpanies at this time," their capacity is affected, we
the prices of LPG was higher (Department of Justice) task cause orders io the oil com- Pulido said. expect a continuous supply
Oil companies mav face by about 25 centavos per kilo force to study the possibil- panies to explain how they The oil cbmpanies were even beyond 26.8 days," he
harges if ilLeir recehi price than what the energy depari- ity of filing administrative or arrived at their price adjust- given three days to explain explained.
diustments are proven to be ment proiected, Pulido said. criminal eases against these ments. their respective price adjust- A lawmaker slammed the
nreasonable, an official of the A week after the drone at- companies," Pulido said at a He said the move was in line ments, which will be subject to oil firms over the insufficient
)epartrnent of Energy (DOE) tacks on Saudi oil facilities, press briefing in Malacafrang. with the mandate of DOE to evalrration bv the DOE. orice rollback.
nnounced yesterday. local oil players rolled back "Of course, we a;e hoping protect consumers and ensure Pulido n6ted that the oil ' Bayan Muna Rep. Clrlos
The DOE ordered 13 oil gasoline prices by P1.45 to that their price adiustments are fair oil industry practices. industry in the Philippines is Zarate, House deputy mi-
rms and liquefied petroleum P1.55 per litet, diesel by 50 to correct," he added. 7 "The show cause order deregulated and govemment nority leader, questioned the
as (LPG) suppliers to explain 60 centavos and kerosene by Pulido said the.DOE has would give oil companies an could not dictate on compa- price adjustments made by
ow they computed the price P1 on Tuesday. asked oil firms to explain how opportunity to explain how they nies how to price their fuel major oil players, saying the
d justments, which did not Oil firms also announced they computed the price roll- arrived at thek respective price oroducts. rollback should have been
ratch the agency's computa- a P4.50 per kilogram hike in back rollback computations," he said. ' "Ho-"r'"r, the DOE-DOI bigger based on computa-
ons. cooking gas prices and P2.50 "We are not saying they Thp oil firms hawe rrntil Oct- task force has the authority to tions bv fhe DOE.
Based on the DOE'S esti- per liter increase in auto LPG are wrong, but we want to 7 to comply with the order investigate anti-competitive ZarJte accused the oi1 firms
rates, Energy Assistant Sec- pnces. - give them the opportunity to The DOE did not name the oractices." he said. of fooling consumers.
:tary Leonido Pulido III said Pulido said this is the first explain to us why it wps like bompanies that weri given ' Plrliclo also said the attacks He called on the DOE to
re price rollback on diesel time that their computations thal" he said. show cause orders. on Saudi Arabia oil facilities implement its policy to un-
nd gasoline was lower by did not match in three vears. "In order to Drotect the would not have an effect on bundle oil prices to protect
:x centaYos and 22 centavos, "If the oil price adjus"tments Show-cause ordets integrity of the frocess, we oil prices in the next 26 days. consumers. - With Danessa
)spectively. were unreasonable, then we Energy Secretary Alfonso prcfer ndt to di!'ulge the names "Since only 50 percent of Rivera, Edu Punay

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