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PIA Press Release
2009/02/19

Government task force probes alleged Oil Deregulation Law violators

Manila (19 February) -- The Departments of Energy and Justice are working closely to study possible violations of the Oil Deregulation Law.

A task force has been formed, known as the Department of Energy - Department of Justice Task Force (DOE-DOJ TF), to process complaints and cases of alleged unreasonable pricing of oil products including Liquified Petroleum Gas.

Few days ago, Energy Secretary Angelo Reyes demanded written explanations from oil companies about recent price increases of diesel, gasoline and E10.

Reyes made the move after consumer watch groups requested DOE to compel oil players to explain the price hike.

Oil companies raised their prices on diesel, gasoline and E10 by 25 centavos a day before Valentines Day.

DOE is now looking into the data of oil companies to make sure that the prices of local oil products are consistent with the existing global pricing.

Justice Secretary Raul Gonzales, on the other hand, ordered the DOJ team to coordinate with their DOE counterparts in the task force in filling cases against violators of the Oil Deregulation Law.

DOE-DOJ TF is also tapping the Philippine National Police to put up hotlines in police stations. (PIA-MMIO) [top]

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