News
Palace rejects talks with oil companies
Malacañang on Thursday rejected the appeal of oil companies for a dialogue with President Gloria Macapagal-Arroyo on the possible recall of an executive order freezing fuel prices in Luzon, which remains in a state of calamity.
Joker Arroyo backs Palace oil price freeze
Malacañang is just doing its job. Sen. Joker Arroyo Wednesday took the cudgels for Malacañang amid fresh calls from oil firms and big business groups to lift the price cap on fuel oil prices imposed by President Gloria Macapagal-Arroyo last month.
More oil firms cut prices
Despite the oil industry’s threats of a supply shortage, more companies are following a Malacañang directive to bring down fuel prices.
Firms warn of oil shortage
Oil companies said they would follow a Malacañang order to bring down fuel prices to their levels 12 days ago, but warned of a possible supply shortage.
Arroyo to reluctant Reyes: Go after oil firms
The order was ready, why was it not implemented? President Gloria Macapagal-Arroyo has directed Energy Secretary Angelo Reyes to go after oil companies that might resort to what she called “predatory pricing” and take advantage of consumers amid the state of calamity.