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                    [ArticleID] => 96224
                    [Title] => DOE to oil firms: Defer price hike
                    [Summary] => The Department of Energy (DOE) has urged the oil companies to defer their planned price hike next month.


DOE undersecretary Ben Hur Salcedo said there is no reason for local  oil players to jack up their pump prices in March even if the government restored the three percent tariff on imported and refined petroleum product.


"It is best for major players to observe first the price trends in the international market and further assess full month’s situation before making any adjustment," he said.


                    [DatePublished] => 2001-02-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
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BEN HUR SALCEDO

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                    [ArticleID] => 96224
                    [Title] => DOE to oil firms: Defer price hike
                    [Summary] => The Department of Energy (DOE) has urged the oil companies to defer their planned price hike next month.


DOE undersecretary Ben Hur Salcedo said there is no reason for local  oil players to jack up their pump prices in March even if the government restored the three percent tariff on imported and refined petroleum product.


"It is best for major players to observe first the price trends in the international market and further assess full month’s situation before making any adjustment," he said.


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                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
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                    [SectionUrl] => business
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abtest

DOE to oil firms: Defer price hike

By Donnabelle L. Gatdula | February 28, 2001 - 12:00am

The Department of Energy (DOE) has urged the oil companies to defer their planned price hike next month. DOE undersecretary Ben Hur Salcedo said there is no reason for local oil players to jack up their pump prices...

Business