News
Gov’t may keep price controls on basic goods
The government is considering maintaining price controls on basic goods other than oil in areas still considered to be suffering from the ill effects of recent destructive typhoons, according to Vice President Noli de Castro.
Take over oil industry, senators urge Arroyo
Warning of food riots and a stagnating economy should a fuel shortage occur because oil firms were not importing new stocks, three senior senators on Tuesday urged President Gloria Macapagal-Arroyo to take over the oil industry.
DoE: Oil supply falling
The country’s inventory of finished petroleum products has dropped to less than two weeks from the usual three as oil firms that do not refine crude have halted importation of gasoline and diesel due to government-imposed fuel price caps in Luzon.
Oil firms, Palace in standoff
The black gold empire has struck with merciless retaliation in a face-off with Malacañang over Executive Order No. 839 that puts a lid on spiraling prices of petroleum products, which are critical to the rehabilitation of areas in Luzon devastated by storms.
Retailers threaten to stop LPG sale
Retailers of liquefied petroleum gas (LPG) Sunday said they may be forced to stop selling cooking gas should the government continue to impose price caps on petroleum products until next month.