THE GOVERNMENT has moved to limit fuel price adjustments as it aims to soften the impact of elevated costs on consumers who have questioned the pace of price rollbacks, Energy Secretary Sharon S. Garin said on Monday.
At a press briefing, Ms. Garin said oil retailers should adjust prices in line with the range provided by the Department of Energy (DoE) every week amid the state of national energy emergency.
She noted President Ferdinand R. Marcos, Jr.’s declaration of a state of national energy emergency under the Executive Order (EO) No. 110 triggered the government’s power to prescribe the price of fuel products.
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