Cartelization eyed in oil price disparity-A A +A
Friday, August 23, 2013
NEGROS Occidental legal officer Jose Maria Valencia, concurrent chief of staff of Gov. Alfredo Marañon Jr., said unaffordable trade practices for cartelization could be the basis for filing of charges in court against oil companies as regards the higher price of fuels in the province compared to Metro Manila and Cebu.
Valencia said a multi-sectoral group composed of businessmen, transport leaders and representatives of government offices had sought for a legal advice on how to address the disparity in fuel price in the province.
An ongoing research on the situation is being conducted, he said.
Under the Oil Deregulation Law, Valencia explained, it should be the Department of Energy and the Department of Justice (DOJ) which should go after the oil companies.
The group believes that because they had gone through the DOJ, they would like to file the case against the oil companies in court, he said.
Two issues at hand are either cartelization or predatory pricing which is violated by the oil companies, he said.
Cartelization, Valencia further explained, is an act where prices are fixed and agreed upon by the oil companies.
Published in the Sun.Star Bacolod newspaper on August 23, 2013.