Tags / oil price transparency
oil price transparency
Measures (1)
SBN-641bill · in_committee
INSTITUTIONALIZING TRANSPARENCY IN THE PHILIPPINE DOWNSTREAM OIL INDUSTRY
This bill aims to institutionalize transparency in the Philippine downstream oil industry by amending the Downstream Oil Industry Deregulation Act. It empowers the Department of Energy to require oil companies to disclose the actual cost components of fuel prices when the average price of Dubai crude oil reaches or exceeds USD 80 per barrel.