AMID threat of more fuel price hikes, the Department of Energy reassured consumers
Wednesday it can protect them from profiteers, even without emergency powers for President
Benigno Aquino III.
DOE Undersecretary Jose Layug Jr. also said giving Aquino emergency powers to deal with
rising fuel prices may invite doubts from some groups, adding, “some people might even
spread speculations about the implications of such powers.”
“We have sufficient laws and mechanisms to protect the public against profiteering. We do
not see the need for emergency powers,” Layug said in Filipino in a radio interview.
Earlier, Layug said the DOE has asked oil companies for a regular advisory on their pricing
trends based on world prices of oil, and that they should increase their inventories from 15 to
30 days. He also said the DOE meets every Monday with transport groups to brief them on
possible fuel price adjustments.
On the other hand, President Aquino had thumbed down emergency powers as proposed by
members of the House of Representatives last weekend. (PIA)