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Article: Consumers brace for big-time oil price hikes.(Main News)
- Article from:
- Manila Bulletin
- Article date:
- November 13, 2009
CopyrightCOPYRIGHT 2009 Manila Bulletin Publishing Corp. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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With the lifting of the Palace-ordered oil price cap becoming more imminent, consumers are now bracing for “big-time” price increases in pump fuel and liquefied petroleum gas (LPG).At least three oil companies — small players Eastern Petroleum, Flying V Philippines and Seaoil Philippines — have bared intentions of immediately hiking product prices once Executive Order (EO) 839 or the oil price freeze order is revoked by President Arroyo.This developed as the joint Department of Energy-Department of Justice (DoE-DoJ) task force confirmed on Friday that it has already forwarded to Malacañang a “very strong recommendation” and a ...
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