Weekly oil price adjustments could lead to 'cartelization,' lawmaker warns
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Source: The Manila Times
Published: 2026-04-09 14:56 UTC+10:00
Section: General
Factuality Score: 95
Opinion Category: Neutral
Topics: Philippines, Energy, Economy & Finance, Financial Markets, World News, Business & Economy, Asia Pacific
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Snippet:
MANILA, Philippines — The ongoing weekly price adjustment schemes being implemented by oil price companies may lead to "cartelization" in a highly concentrated petroleum market, according to a lawmaker at the House of Representatives.
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