MANILA, Philippines – The Department of Energy (DOE) has ordered 13 oil firms to explain the discrepancies it noted in the rollback implemented for gasoline and diesel prices.
The DOE said in a statement issued Wednesday it issued show-cause orders “in view of the apparent difference in the oil price rollback calculations” between the department and oil companies.
“Mas mababa po ‘yung rollback nila by about P0.22 for gasoline and about P0.06 for diesel and we want them to explain it,” DOE Assistant Secretary Leonido Pulido said in a separate press briefing in Malacañang.
“Hindi naman po namin sinasabi na mali sila but we want to give them the opportunity to explain to us bakit po ganun,” he added.
Recipients have until Monday, October 7 to formally respond to the department.
Aside from oil companies, the DOE also asked importers and suppliers of liquefied petroleum gas (LPG) to explain the amount of price hike they implemented, which is higher compared to prices in the international market.
Pulido said the issuance of the show-cause orders is in line with its mandate to protect consumer welfare and ensure fair oil industry practices. – RRD (with details from Correspondent Rosalie Coz)
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