BREAKING: Business leader slams govt policy decisions in the oil industry
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Source: The Manila Times
Published: 2026-04-18 19:34 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Politics, Education, Transport, Philippines, Energy, Business & Economy
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Snippet:
Jose Luis Yulo Jr., president of the Chamber of Commerce of the Philippine Islands (CCPI), criticizes the government for its 'stupid' policy decisions in the oil industry, citing the sale of the state’s 40 percent stake in Petron and the removal of the Oil Price Stabilization Fund which, he says, has weakened the country’s ability to cushion fuel price shocks.
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