‘Regulators can probe collusion of oil firms’Signs reading 'out of stock' are displayed at a gas station amid rising petrol prices in Manila on March 9, 2026. “I think the issue here is that the oil regulators are not exercising their powers to make sure that market players are being fair in the way they play their game in the market,” said Economy, Planning, and Development Secretary Arsenio Balisacan. Unbundling oil pricesIn his interpellation at the joint committee hearing, ACT Teachers party-list Rep. Antonio Tinio pressed the Department of Energy to immediately unbundle oil prices and disclose oil companies’ actual profits so the public would know if there’s justification for adjustments in pump prices. “We cannot address this energy crisis if government refuses to show the public what exactly we are paying for at the pump, Unbundle oil prices now. Her proposed actions include expedited release of power rebates and refunds, and the consideration of temporary tax and tariff relief.

Source: Philippine Star April 09, 2026 16:32 UTC