Inquirer
Before the Downstream Oil Industry Deregulation Act of 1998, the country’s oil industry was tightly controlled by just three major players: Shell, Petron, and Caltex. Each had its own refinery and was required to keep a 60-day fuel supply. Fuel prices were set by the government and adjusted only every two months based on earlier […]... Keep on reading: The oil crisis and the actions we can take
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