Oil discount only option for now as price hike continues — DOE exec

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Asking oil companies to offer consumers with discount on oil prices is what the Department of Energy (DOE) can only do for now to cushion the effects of the continuous oil price hike, an agency official said Friday, Oct. 22.

Asking oil companies to offer consumers with discount on oil prices is what the Department of Energy can only do for now to cushion the effects of the continuous oil price hike, an agency official said Friday, Oct. 22.

It is also lobbying for the amendment of the Oil Deregulation Law as Energy Secretary Alfonso Cusi wants the agency “to be able to set certain limits to protect the public, considering this is a very important commodity.”

 

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