Philippines eyes shift back to cheaper, dirtier fuel to tame inflation [Reuters]
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Source: Reuters
Philippines eyes shift back to cheaper, dirtier fuel to tame inflation | Reuters 2 Min Read MANILA, Aug 10 (Reuters) - The Philippines’ energy ministry has told oil companies to sell a cheaper but dirtier type of diesel oil to motorists to fight inflation, backing away from a two-year-old regulation that banned its use to improve air quality. The energy department’s plan would need clearance from the environment department, which implemented Manila’s switch to cleaner Euro-IV compliant fuels from Euro-II in January 2016, a rule that covered both oil companies and car manufacturers. The department was evaluating the plan, an official said. The Department of Energy late on Thursday directed that Euro-II compliant automotive diesel oil should be provided as a fuel option for transport and industrial retail customers “for the purpose of reducing the impact of rising petroleum prices in the world market.” “We’re studying it right now, giving consideration to their plan to cushion inflation
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