Daily Star logoTop Stories
Bacolod City, Philippines Monday, September 9, 2013
Front Page
Negros Oriental
Star Business
Police Beat
Star Life
People & Events
Classified Ads
DOE hearing set at Capitol

The hearing to be held by the Department of Energy on the creation of an Oil Price Watchdog Task Force in the province to monitor fuel price violations will be held at the Negros Occidental Capitol building in Bacolod City, 2 p.m. Friday, Rep. Alfredo Abelardo Benitez (Neg. Occ., 3rd District), said yesterday.

He said top officials of the province and congressmen are expected to attend.

Benitez had sought the creation of the price watch dog after numerous complaints were aired that Negros Occidental pays much more for its fuel compared to Metro Manila and Cebu.

The task force will be composed of the DOE, local government officials and stakeholders, and will determine the filing of complaints against oil price violators, he said.

The Oil Deregulation Law sets penalties for cartelization, predator pricing, and failure to comply with the reportorial requirements, which the watchdog task force will be tasked to determine so necessary complaints can be filed before the Department of Justice against violators who are driving the prices up in Negros Occidental, he said.

Penalties set for violators are 6 to 12 years imprisonment plus P250,000 to P500,000 fine, Benitez said.*CPG



back to top

Front Page | Opinion | Negros Oriental | Business | Sports
Star Life | People & Events| Archives | Advertise
Top Stories
ButtonOmbudsman dismisses raps vs.13 Silay officials
ButtonInformal settlers tagged in poaching
ButtonDOE hearing set at Capitol
ButtonSigning of peace closure pact may take place 2013
ButtonLabor hits Dole claim, dept’ order
ButtonNegros holds Liberation Day rites today
ButtonMassKara streetdance Oct. 18, 20
ButtonMan drowns
ButtonMore NPA rebels surrender: Army
ButtonLopez pushes city tourism zones; Puentevella airs ECOLA