DoE monitors suspected oil cartel - BusinessWorld Online

‘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

Anti-competitive behavior eyed in oil industry

The Department of Energy  is not ruling out the possibility of a cartel in the Philippine oil industry as it sharpens its watch on “anti-competitive” practices by some players.

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. …