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DOE orders 6 gas stations to explain higher prices
Fuentebella said the six Petron gas stations submitted a report saying they have raised prices due to the additional excise tax. “We are asking them to explain. We have this twin approach, the show cause order, and the inspection team,” he said.
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DOE orders 6 gas stations to explain higher prices
The Department of Energy (DOE) yesterday ordered six Petron stations to explain why they implemented the second round of fuel tax increases for 2019 as early as Jan. 2.
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Some gas stations have already used up their 2018, while some still have old stocks on hand. Submission of the requirements will be open until January 8 in order to properly monitor the implementation of the second tranche of fuel excise tax under the TRAIN Act.
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Gas stations that raised prices ‘monitored’ SUNSTAR
If a gas station raised its prices without proof of a new delivery, the DOE would issue a show cause order. If found guilty, the gas station would either be fined or charged in court. The 48 gas stations in the Visayas were from the four big petroleum companies: Petron, Shell, Caltex and Flying V.
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