Gov’t to scrutinize ‘profit' of oil companies

  • 📰 manilabulletin
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Россия Новости Новости

With the never-ending upswing of oil prices, the government is getting razor-sharp on its drive to “scrutinize” the scale of profits oil companies may have been pocketing from the weekly price hikes.

According to Energy Undersecretary Gerardo Erguiza Jr., the “fuel cost unbundling” rule will be incorporated in a legislative measure that the Department of Energy will be pushing when the next Congress will resume its session this July. This should become part of the amendments to Republic Act 8479 or the Downstream Oil Industry Deregulation Act.

Erguiza, nevertheless, stipulated that the DOE has its hands tied because its Department Circular which enforced the fuel cost unbundling policy had been stopped via temporary restraining orders issued by the regional trial courts. In a related development, House Assistant Minority Leader and ACT Teachers Party List Representative France Castro announced that she will be refiling House Bill 10386 or the Unbundling of Fuel Prices Bill in the 19th Congress “to make the pricing scheme transparent.”

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 25. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

In call with Twitter staff, Elon Musk muses on space aliens, company’s future - BusinessWorld OnlineElon Musk addressed Twitter employees for the first time on Thursday, expressing his view that Twitter would need to cut its headcount, but offering few other new details about his $44 billion planned takeover of the social media company. Mr. Musk appeared via video call 10 minutes late to what turned out to be a […]
Источник: bworldph - 🏆 9. / 68 Прочитайте больше »