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 doubles down on grassroots sports dev’t with NAS visit

By Darryl John Esguerra | Philippine News Agency President Ferdinand Marcos Jr. on Tuesday doubled down on his administration's push to build Philippine sports from...

PBBM hails pivot to renewables as future of power generation in PH

By Dean Aubrey Caratiquet As part of the gradual transition towards renewable energy, the government continues to support projects that would eventually steer the power...

Impeachment Trial Day 4: Prosecution’s witness Lotoc unveils VP Sara’s grave utterances against First Couple, ex-Speaker Romualdez

By Dean Aubrey Caratiquet and Brian Campued Last week, the Senate Impeachment Court began hearing Article IV of the Articles of Impeachment against Vice President...

PBBM packs Camiguin visit with health, rice, scholar aid push

By Darryl John Esguerra | Philippine News Agency President Ferdinand R. Marcos Jr. on Monday rolled out a package of healthcare, food security, and education...