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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.

Summary by bworldonline.com
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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bworldonline.com broke the news in on Wednesday, July 9, 2025.
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