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AS prices soar amid Russia’s invasion of Ukraine, Malacañang called on Congress to review the oil deregulation law to give the government the power to intervene whenever there are oil price hikes. A House leader promptly proposed a four-point amendment to the Downstream Oil Industry Deregulation Act to enhance competition… ....
Candidates who attended the #CNNPHVPDebate offered ways to address surging fuel prices such as adjusting taxes on oil, repealing the Oil Deregulation Law, and reacquiring Petron Corp., the country s sole firm maintaining local oil refinery operations. ....
Amid the runaway increases in pump fuel prices, Gabriela Party-list Rep. Arlene Brosas issued a challenge to the candidates vying for the Palace seat in the upcoming 2022 polls: reverse the Oil Deregulation Law. "Kahit bali-baligtarin ang usapin ng taas-presyo ng langis, Oil Deregulation Law pa rin ....