MANILA, Philippines – The House committee on energy is studying possible amendments to the 1998 Oil Deregulation Law that would allow the government to “manage” pump prices in times of calamity.
Pampanga Rep. Juan Miguel Arroyo, who was at the special meeting of the Legislative–Executive Development Advisory Council (LEDAC) at Malacañang yesterday, said members of the council discussed the effects of typhoons “Pepeng” and “Ondoy” on local oil prices.
“I stated that during times of crisis, though we are in a deregulated industry, perhaps there would be a need to create mechanisms to prevent distributors, oil companies from exploiting the situation because they might take advantage of it by bringing up the prices of fuel and other petroleum products,” Arroyo said.
He refused to use the word “control” which was used by Remonde in a briefing on the results of the LEDAC meeting. Arroyo said “manage” is more appropriate.
Arroyo said he already broached the idea to Trade Secretary Peter Favila, and they will schedule a meeting with industry players.
“This is one option but it would take time (to resolve this). But we are studying this. There are many gray areas in the law,” he said. –Paolo Romero (The Philippine Star)
July 2025
Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
July
3 July – International Day of Cooperatives
3 July – International Plastic Bag Free Day
5 July – World Youth Skills Day
7 July – Global Forgiveness Day
11 July – World Population Day
17 July – World Day for International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons
Monthly Observances:
Schools Safety Month
Nutrition Month
National Disaster Consciousness Month
Weekly Observances:
Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week
Daily Observances:
First Saturday of July:
International Cooperative Day
in the Philippines
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