Marikina Rep. Stella Quimbo, an economist, proposed that the substitute bill include a provision stating that the Department of Energy's price monitoring system be based on the unbundled retail price of petroleum products.
Based on Quimbo's estimates, the prices of gasoline, kerosene, and diesel have increased by 17.8%, 26.8%, and 35.6%, respectively, since February 21, 2022.
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Palace says it's time for Congress to review oil deregulation lawMalacañang on Tuesday said it is already time for Congress to look at the oil deregulation law, following the steep increase in the prices of fuel with the global supplies hit by the ongoing conflict between Russia and Ukraine. There is lil you can do when oil prices go through the roof because of abnormal times. wow, daming expert sa oil deregulation law. mataas naman talaga s buong mundo. Posible naman di umasa mga pinoy sa langis. Wala pa rin tayo bills pagdating sa electric vehicles, solar saka wind power
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