Photo courtesy of Joan Bondoc/ Philippine News Agency (PNA)
Malacañang warned gasoline stations that they may face sanctions if found charging unreasonable prices as the government monitors compliance amid the ongoing Middle East crisis.
Palace Press Officer Claire Castro said the Department of Energy had issued show cause orders to 54 gas stations following reports that several retailers had already increased their pump prices.
The orders aim to determine whether the establishments violated government warnings against raising fuel prices while global oil markets remain volatile.
Castro said authorities moved after concerns were raised over price adjustments made by some gasoline stations, prompting the agency to investigate if the increases were justified.
She added that the government would continue monitoring the situation closely and would not hesitate to take action against businesses proven to have taken advantage of the crisis.
Gasoline stations found to have committed fraudulent acts could face penalties, including the possible cancellation of their permits to operate, according to the Palace.
Castro said the Department of Energy would coordinate with fuel retailers to ensure compliance, stressing that the intervention seeks to prevent price manipulation while promoting fair business practices.
The Middle East conflict has pushed global oil prices higher, and consumers have been advised to brace for possible pump price increases, with gasoline projected to rise by Php 7.48 per liter, diesel by Php 17.28 per liter, and kerosene by Php 32.35 per liter.