Malacañang helpless on oil price increases

Posted on

MANILA, Philippines – As fuel prices go up anew today, Malacañang admitted it was helpless in the face of the steady increase, saying the nation’s only option at the moment is to “follow the market forces.”

On Tuesday, Pilipinas Shell Petroleum announced that it would adjust the prices of its petroleum products twice a week to immediately reflect changes in fuel prices in the world market and in foreign exchange. Read More