Senators: Hold abusive oil companies accountableA gasoline station in San Jose del Monte, Bulacan announces that it has run out of diesel March 8, 2026. He said the Philippine Competition Commission must monitor oil companies for possible anti-competitive behavior and abuse. Oil firms, including Shell, Petron and Chevron, told senators that supply remains tight, with inventory expected to last only until May. Price freeze urgedSen. Bam Aquino urged the government to declare a price freeze on basic commodities and essential goods to shield the public from the inflationary impact of rising oil prices. “We need immediate action, and my suggestion is to implement a price freeze for the many Filipinos who are already struggling.

Source: Philippine Star March 27, 2026 16:34 UTC