MANILA – The Palace signaled zero tolerance for fuel stations charging excessive prices as the Middle East crisis drives global oil costs upward.
According to Palace Press Officer Claire Castro, the Department of Energy (DOE) has sent show-cause notices to 54 gas stations to verify whether they breached prior warnings against raising fuel prices.
“This is being conducted because many stations reportedly raised their prices,” Castro said. “The DOE wants to determine if these hikes violate government advisories.”
Castro warned that violators could face severe penalties, including revocation of business permits. “If fraudulent activity is proven, their permission to operate may be canceled,” she stressed.
The DOE will work with station owners to ensure transparency, reinforcing that government measures are designed to protect consumers and uphold fair trade.
The Middle East tensions have caused surges in oil prices worldwide, prompting the government to implement emergency measures. Castro reiterated President Ferdinand R. Marcos Jr.’s call for collective responsibility.
“Abusing the situation may result in lawsuits and other sanctions,” she said. “The President urges cooperation, but those who exploit the crisis will face accountability.”
Consumers have been advised that pump prices may increase significantly, with gasoline up by PHP7.48 per liter, diesel by PHP17.28, and kerosene by PHP32.35.
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