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Marcos open to repealing oil deregulation law

President Ferdinand Marcos Jr. is not discounting a proposal to repeal the Oil Deregulation Law to allow the government to regulate oil prices and intervene in securing oil supply. However, Marcos said the government was focused on delivering 'immediate' solutions to the energy problems at the moment.

VIDEO BY MPC POOL

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Transcript
00:00Well, as I said before, nothing is being discounted.
00:06Ibig sabihin, lahat ng maaring gawin upang meron tayong magawa para tulungan na pag-aangin ang epekto
00:16at nitong nangyari kong gara sa Middle East, ay talagang pinag-uusapan namin.
00:23But what we are focused now is immediate.
00:27You know, we would love to amend all the regulations. Mahaba pa ng diskusyo niyan.
00:31I don't know when it will come out.
00:33So we are focused right now on the immediate, what we can do immediately.
00:37Kagaya nang sinabi ko sa statement ko, kung ano yung maari nating paratingin kaagad na tulong sa taong bayan,
00:45yun ang aming ginagawa, yun ang aming pinag-iisipan ngayon.
00:48But as I said, we are not, we, walang, lahat ng maaring gawin, pinag-initignan namin, pinag-aaralan namin.
00:58Thank you, Mr. President.
01:00Thank you, pa.
01:17Thank you, Mr. President.
01:32Thank you, Mr. President.
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