Marcos open to repealing oil deregulation law

MANILA, Philippines — President Ferdinand Marcos Jr. is not discounting the proposal to repeal the Oil Deregulation Law to allow the government to regulate oil prices and intervene in securing oil supply. However, Marcos said the government was focused on delivering "immediate" solutions to the energy problems at the moment. "Nothing is being discounted, meaning everything that can be done so that we can do something to help mitigate the impact of the war in the Middle East is being discussed," Marcos said during a media interview in Silang, Cavite. "But what we are focus now is immediate, you know we will have to ammend the oil deregulation, that's a long discussion. I don’t know when will it come out," he added.

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