00:00The Energy Department and several government officials warn gas stations against prematurely raising fuel prices amid heightened tensions in the
00:08Middle East.
00:09The DOE Mindanao Field Office says a gas station implemented price adjustments earlier than the prescribed schedule.
00:16Other illegal acts involving petroleum products include short selling, adulteration, overpricing, and misuse of allocations.
00:23Energy Secretary Sharon Garin says the department understands the challenging circumstances faced by the local oil industry, but no party
00:31should take advantage of the situation.
00:33Senate Energy Committee Vice Chair Sherwin Gatchalian also urges authorities to strictly monitor oil firms and retailers for possible profiteering
00:41as oil prices surge.
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