Pimentel wants govt to regain full ownership of Petron Corp.

By Sammy Martin

Oct 01, 2004 11:48 am

IN an effort to end the alleged cartel of three giant oil companies in the country, the Senate minority leader, Aquilino Pimentel Jr., on Thursday renewed his call for the government to regain full ownership of Petron Corp.

He also proposed that the government put up its own oil supply and distribution company that will ensure an effective buffer stock against price increases of crude and petroleum products.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

'Derisking' urged to limit China's grip on PH infrastructure

Marcos sees 12-0 sweep in Senate

Bicol leaders honor Lagman

DOLE says P200 wage hike would hurt small businesses

Ensure funds are spent wisely, govt workers urged

First lady to represent PH at World Govts Summit

Govt, MILF reach key agreements