Latest Breaking News On - Rquiza said the circular was subjected to an injunction by courts despite doe 39s argument that quot unbundling policy is not violative of ra 8479 why we want this be incorporated in law para may ngipin ito at makita natin talaga ang so it will have teeth and can really see transparency - Page 1 : comparemela.com
(PNA file photo by Avito Dalan) MANILA - The Department of Energy (DOE) on Tuesday proposed that mechanisms of Republic Act (RA) 8479 or the Oil Deregulation Act be provided with a framework for the government to intervene and address sudden or prolonged oil price hikes, including unbundling the cost of petroleum retail products to determine their real and passed-on costs During the Senate Committee on Energy's consultative meeting with oil industry stakeholders, DOE Undersecretary Gerardo Erquiza Jr. recalled that Secretary Alfonso Cusi previously issued Department Circular 05-0008 series of 2019 requiring the unbundling of oil prices for its data gathering and policymaking function. Upon the opposition of oil industry players, Erquiza said the circular was subjected to an injunction by the courts despite the DOE's argument that the "unbundling policy" is not violative of the RA 8479. "That is why we want this to be incorporated in the law para may ngipin ito at