GOVERNMENT authorities have proposed a meeting among the Department of Energy and the National Economic and Development Authority (NEDA) officials to take a look at the basis for computing oil prices.
The meeting aims to reconcile both agencies computations and come up with just one official price announcement from the government, Secretary Angelo Reyes said.
The move came as a welcome development for the numerous fuel consumers who feel oil companies shortchange them when fuel prices rise seemingly at their whims.
By the unified computation, the government could determine if the price hike artificial and is therefore unwarranted or if it indeed is commensurate to the capital oil companies invested. (PIA)
