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Oil firms urged to 'stagger' price hikes
Business World Philippines
|June 18, 2025
THE Department of Energy (DoE) asked the oil industry to adjust their prices in a staggered manner, in order to minimize the price shocks from the outbreak of conflict between Israel and Iran.
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"The DoE is appealing to industry players to implement staggered fuel price adjustments, especially in cases of sudden and significant spikes in global oil prices, in order to cushion the impact on consumers," it said in a statement on Tuesday.
The DoE added that it inspected fuel depots in Manila on Tuesday to ensure compliance with the rules on maintaining adequate inventories.
Bu hikaye Business World Philippines dergisinin June 18, 2025 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
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