DoE monitors suspected oil cartel - BusinessWorld Online
PHILIPPINES, JUL 9 – The Department of Energy is investigating uniform price changes among oil firms despite different supply costs, with recent rollbacks of up to ₱0.80 per liter implemented last week.
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‘Anticompetitive’ activities of oil firms under scrutiny
MANILA, Philippines — The Department of Energy (DOE) is on the lookout for “anticompetitive” practices of some fuel retailers amid price volatility caused by the Middle East conflict. At a briefing in Taguig on Wednesday, DOE officer in charge Sharon Garin was asked if there was a “cartel” in the oil sector, given the noticeably […]...Keep on reading: ‘Anticompetitive’ activities of oil firms under scrutiny
DoE monitors suspected oil cartel - BusinessWorld Online
THE DEPARTMENT of Energy (DoE) is not ruling out the possibility of cartelization among oil industry players as it continues to monitor any anti-competitive practices. “I would not say that there is no cartel. Who they are, that is something to confirm, but if there is no cartel, there’s no purpose for OIMB (Oil Industry Management Bureau) to be on guard all the time,” DoE Officer-in-Charge Sharon S. Garin said in a press briefing on Wednesday. …
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