DOE, oil companies agree to staggered fuel price hikes; senators back move to extend fuel subsidies | ||
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The Department of Energy (DOE) announced on Monday, June 23, that the government has reached an agreement with oil companies for the staggered implementation of domestic petroleum price adjustments. In a statement, DOE Officer-in-Charge Sharon S. Garin said this measure was taken in response to rising global oil prices driven by geopolitical tensions between Iran and Israel and overall market volatility. Read more | ||
In a related development, Senators Raffy Tulfo and Grace Poe have expressed strong support for the government’s fuel subsidy program amid Middle East tensions, urging the DOTr and LTFRB to ensure timely, fair distribution to affected transport workers and calling for swift aid to farmers and fishers impacted by rising fuel costs. |
