MANILA (AFX-ASIA) – Energy Secretary Vincent Perez said the “excessively high” oil prices maintained by OPEC hamper the sustainability of economic recovery by the Philippines. In a statement, he expressed disappointment over the reported OPEC decision not to increase oil production when the OPEC price basket exceeds US$28 per barrel for more than 20 consecutive…
PHILIPPINES: ‘Excessively high’ fuel prices hamper economic recovery
Posted on January 16, 2004 by EnergyAsia