Oil firms seek TRO to stop fuel cost unbundling 0 SHARES Share it! Under the DOE-underpinned policy, it requires oil firms to submit reports on its segregated price components, including details on profit margin. In the costs unbundling prescribed upon the oil firms, the DOE wants four components to be segregated, including: international cost; taxes and duties; the biofuels component in fuels; and then the “oil company take” fraction. The fourth element and this was viewed most contentious by the oil companies would be the “oil company take” component, which requires them to divulge their profit margin; along with port charges, refining cost, storage cost, handling cost, marketing cost, and transshipment cost. With the legal hurdle now thrown this policy’s way, LKI President Victorio Mario Dimagiba asserted that such development “is disheartening,” as he considers the fuel cost unbundling edict as “a good start and good news for consumers.”

Source: Manila Bulletin June 23, 2019 13:52 UTC