DOE exec admits Tuesday fuel price changes bring cartel-like behavior – Firstgora.buzz

DOE exec admits Tuesday fuel price changes bring cartel-like behavior

MANILA, Philippines — A Department of Energy (DOE) official admitted to the House of Representatives that the scheduled fuel price adjustments, which happen every Tuesday, cause cartel-like behavior because oil companies can discuss and collectively decide how much adjustment they would make. During the House Legislative Energy and Development (LEAD) committee hearing on Monday, Manila Rep.

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