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LKI 46th Press Statement on Price Fixing and cartel

 

LABAN KONSYUMER INC.


P.O. Box 1161, QCCPO, NCR, Philippines 1100

Cell No.    : +63 917-812-5546

Email        : labankonsyumer@gmail.com

                  : dimagibavic@gmail.com

                  : dmagiba@pldtdsl.net

Facebook : Laban Konsyumer Inc.

Website    : www.labankonsyumer.com


AUGUST 13, 2019 


Mr. Alfonso G. Cusi

Secretary

Department of Energy

Energy Center, Rizal Drive

Bonifacio Global City

Taguig City 


Re: Department Circular No.  DC 2019-05-0008


Sir:


On my personal behalf as well as on behalf of the Trustees, officers and members of the Laban Konsyumer Inc., we extend our appreciation for your signature and issuance of the subject Department Circular. Allow us to share to you the article of Dean Dela Paz on Unbundling Fuel Prices  published in the Daily Tribune dated June 25, 2019  i.e. https://tribune.net.ph/index.php/2019/06/25/unbudling-fuel-prices/ tribune.net.ph , in support of the Department Circular.


In  the light of the preliminary injunctions issued against the Department Circular by  the regional trial courts, we offer an  unsolicited  proposed legal steps the Department should  pursue  against price fixing and  the de facto  cartel in the oil industry . The Department of Energy   and the Department of Justice Joint Task Force should be activated and be instructed to pursue and conduct such investigation. 


We had written your Department on April 16, 2018 and September 15, 2018 and we complained for an explanation on the oil industry pricing practice involving identical amounts of adjustments, price adjustments at the same time of the week, and applies across the country, as to whether these retail pricing practices are allowed by the Oil Deregulation Law. 


We had written the Philippine Competition Commission and the Office for Competition of the Department of Justice on the same subject matter on June 12, 2018 with an accompanied Affidavit.  


To date, no such clear public statements had been made by the Department nor the other relevant agencies that said pricing practices are competitive and fair prices of the petroleum products. 


When necessary and deemed appropriate, Laban Konsyumer Inc.  Can participate in such investigation for the purpose of a determination of competitive and fair prices of the  fuel products.


Thank you for your usual prompt action. 




Very truly yours,

 

  


Atty. Victorio Mario A. Dimagiba, AB, LLB, LLM

President