House panel probes oil players’ overpricing, unfair practices


Committee on Energy chairman Rep. Lord Allan Jay Q. Velasco (right) confers with vice-chair Rep. Carlos Roman L. Uybarreta and former Rep. Neri Colmenares as they probe alleged overpricing and other unfair practices of some oil industry players based on House Resolutions 415 and 853 filed by Rep. Carlos Isagani Zarate and Mark Go, respectively. The committee noted that these practices run contrary to the original intention of the Oil Deregulation Law (RA 8479) of creating friendly competition to benefit consumers. For failing to attend once again, officials from Pilipinas Shell were issued subpoenas, while Chevron Philippines, Inc. representatives were given a stern warning to compel them to attend the next scheduled hearing. Attendees in the hearing were Reps. Arlene Arcillas, Ferjenel Biron, Sabiniano Canama, France Castro, Aurora Cerilles, Rodante Marcoleta, Wilter Wee Palma II, Rogelio Neil Pepito Roque, Jose Tejada and Arnel Ty, representatives from concerned government agencies and officials from the petroleum industry players.