The Department of Energy (DOE) and Department of Justice (DOJ) are now studying possible violations of the Oil Deregulation Law. Last week, oil companies increased their prices. As a reesult, a task force has been formed known as the Department of Energy – Department of Justice Task Force (DOE-DOJ TF). The task force processes complaints and cases of alleged unreasonable pricing of oil products including Liquified Petroleum Gas.
DOE is now looking into the data of oil companies to make sure that the prices of local oil products are consistent with the existing global pricing. While the DOJ team coordinates with their DOE counterparts in the task force in filling cases against violators of the Oil Deregulation Law. (PIA-MMIO)
