'Considering the legal concerns on the validity of the questioned circular, it would be prudent for the DOE secretary to submit it for review by the secretary of justice,' said Ippca
President Jesus Suntay in his letter to Energy Secretary Alfonso G.
added "there is not much difference between the price of Euro-2 and Euro-4 diesel as domestic and international refineries have upgraded and shifted their production to Euro-4 and even Euro-5 compliant diesel products, which made Euro-2 diesel even less available."
10, [section] 372 (describing the legislative intent behind the IPPCA
); see also Crimm, supra note 183, at 20 (noting that statutes like the IPPCA
were intended to decrease abuse, reduce tax revenue losses, and improve the social value of nonprofit purposes).
In its position paper, IPPCA
said the circular is an illegal act since it compelled industry participants to unbundle the price of their petroleum products.
Divulging such would mean losing their advantage,' said Ippca
President Jesus Manuel C.
has at least 16 members comprising the country's leading independent oil players, such as Eastern Petroleum Corp., Unioil Petroleum Philippines Inc., Seaoil Philippines, Flying V, City Oil, Pryce Gases and LPGMA, among others.
'With the relaxation of the prescribed biofuels blend, motorists could expect a P2 per liter and P0.30 per liter reduction in the pump price of gasoline and diesel, respectively,' IPPCA
stressed the DOE cannot force oil companies to sell Euro-2 diesel in their stations.
in the tournament sponsored by sponsored by Meralco, Nuvali, Nature's Spring, Molten, N20 Gastropub, Boysen Paints, BDO, Topcoms/StarSports Korea, Bacchus, CDO San Marino Corned Tuna and Pingping Lechon and bankrolled by IPPCA
has at least 16 members, mostly the country's leading independent oil players, such as Eastern Petroleum, Unioil Petroleum Philippines Inc., Seaoil Philippines, Flying V, City Oil, Pryce Gases and LPGMA, among others.
Meanwhile, the Independent Philippine Petroleum Companies Association (IPPCA
) on Tuesday offered another solution to cutting down fuel prices for consumers, particularly through the suspension of the implementation of Republic Act 9637 or the Biofuels Act of 2006.
LA SALLE-FLYING V and Far Eastern U hammered out narrow wins over the weekend and forged a title showdown in the 2012 IPPCA
Football Pre-Season Cup at Nuvali Field in Sta.