DOE implements 15-day price freeze in areas under SOC

The Department of Energy (DOE) implemented a 15-day price freeze on kerosene and household liquefied petroleum gas in areas under state of calamity.

In an advisory, the DOE announced that the price freeze on the said items is effective from November 1 to 15 but its effectivity date in Camarines Sur is from November 2 to 16.

According to DOE Undersecretary Felix William Fuentebella, basic energy products are not allowed to increase or decrease prices in areas that declared state of calamity in accordance with the RA 7581 or the Price Act.

The Energy department warned violators of the price freeze that they may face a penalty of 1 to 10 years of imprisonment and a fine of PhP 5,000 to PhP 1,000,000.

-PTV News

Popular

PBBM hails Presidential Air Wing for nearly six decades of service to the nation

By Dean Aubrey Caratiquet After navigating a jam-packed itinerary in Central Luzon, President Ferdinand R. Marcos Jr. rounded off his Wednesday engagements with an attendance...

PBBM eyes more concrete measures to address effects of climate change

By Dean Aubrey Caratiquet As climate change makes its presence felt in various countries, especially the Philippines, President Ferdinand R. Marcos Jr. has shifted his...

PBBM to LGUs: Observe firm implementation of ‘no-build zones’ to address flooding woes

By Dean Aubrey Caratiquet As the enhanced southwest monsoon (habagat) continues to shed light on long-neglected matters, President Ferdinand R. Marcos Jr. made it clear...

PBBM vows stronger ties in meeting with Nigerian ambassador

By Dean Aubrey Caratiquet Expanding the scope of the Philippines’ international relations beyond its usual trading partners, President Ferdinand R. Marcos Jr. expressed his commitment...