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DOE: No fuel price cap

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DOE: No fuel price cap MANILA, Philippines — Even as staggering fuel costs continue to bedevil consumers, the Department of Energy (DOE) said it is not inclined to recommend a price cap on petroleum products, as doing so could disrupt industry operations. “If (the government) says P100 per liter and the price in the international market is P110, no one will do business with oil,” Energy Secretary ...
**Steelman:** The government is considering invoking certain provisions in the Downstream Oil Industry Deregulation Act of 1998 to address escalating fuel costs during a national energy emergency. This would allow the President to reduce tariffs and investigate oil companies, but not set price caps directly. **Patterns detected: ARC-0024 Ambiguity (the term "national emergencies" is ambiguous and could potentially be interpreted differently by different parties)** **Root Cause:** The government'...