Philippine Energy Department orders cheaper Euro II diesel fuel to be made available at the pump

In a highly unusual move, the Philippine Department of Energy (DOE) has instructed oil companies to make cheaper, Euro II diesel fuel to be made available at the pump, as a way of addressing the country’s high inflation, which peaked at 5.7% in June. The DOE’s Oil Industry Management Bureau (OIMB) required all oil companies … Continue reading Philippine Energy Department orders cheaper Euro II diesel fuel to be made available at the pump