3 months Circular on fuel-price unbundling out Manilatimes |Biz
THE Department of Energy (DoE) has issued to the public a circular mandating oil companies to unbundle fuel costs, strengthening its monitoring of both local and international price movements of petroleum products.
Energy Secretary Alfonso CusiSigned by Energy Secretary Alfonso Cusi on Tuesday, Department Circular DC2019-05-0008, or the Revised Guidelines for the Monitoring of Prices on the Sale of Petroleum Products by the Downstream Oil Industry in the Philippines, revised an earlier order, DC2005-08-007, or the Guidelines Implementing the Requirement of a Prior Notice on Price Adjustments Pursuant to Memorandum Circular 2001-05-002 and other related rules. “These enhancements will ... more