A PARTY-LIST congressman suggested on Monday the revival of the Oil Price Stabilization Fund (OPSF) established in 1984.
"We should revive the OPSF or establish a similar buffer fund, which the government could use to avoid frequent adjustments in the pump prices of oil products due to fluctuations in the cost of crude oil in the world market and in the peso-dollar exchange rate," One Patriotic Coalition of Marginalized Nationals (1-Pacman) Rep. Michael "Mikee" Romero said.
Rep. Michael “Mikee” Romero. File Photo