CCPI president says sale of govt’s 40% Petron stake, scrapping oil price fund ‘stupid’ policies
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Source: The Manila Times
Published: 2026-04-18 16:54 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Politics, Education, Transport, Philippines, Energy, World News, Asia Pacific
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Snippet:
MANILA, Philippines — The president of the Chamber of Commerce of the Philippine Islands criticized on Saturday what he called the government’s “stupid” oil policy decisions, saying the sale of the state’s 40 percent stake in Petron and the removal of the Oil Price Stabilization Fund weakened the country’s ability to cushion fuel price shocks.
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