Possible fuel price cap, rationing raised in Senate’s initial report

MANILA, Philippines — A possible price cap on petroleum products and the rationing of fuel were among the several proposed policy responses raised by the Senate’s ad hoc committee, in response to the crisis caused by the Middle East conflict. In the preliminary report released on Wednesday by Senate’s proactive response and oversight for timely and effective crisis strategy (PROTECT) committee headed by Sen. Sherwin Gatchalian, the two suggestions were part of the possible short-term solutions on the uncertainty of fuel supply — as access to the Strait of Hormuz remains hampered due to the United States (US) – Iran war. […]... Keep on reading: Possible fuel price cap, rationing raised in Senate’s initial report

Go to News Site