Article: Consumers brace for big-time oil price hikes.(Main News)

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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