Oil cartel in PH? DOE probes possibility

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The Department of Energy (DOE) is not ruling out the possibility that the oil price in the country is being by controlled by a cartel as the national government does not have a hand on the Philippine oil market.​

The Department of Energy is not ruling out the possibility that the oil price in the country is being by controlled by a cartel as the national government does not have a hand on the Philippine oil market.​

“Kaya tiningnan naman po naman ng Philippine Competition Commission po yan. Nadulog na din po natin yan, para matingnan po ,” he added. Cusi also found nothing wrong with the simultaneous price increase of all different industry players as his primary concern is the amount of increase.

 

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