The Philippine government said on Sunday that big oil companies should open their financial books to public scrutiny so as to erase doubts that they are a cartel or colluding with each other to manipulate oil prices.
A few nation-wide transport strikes have hit the country over the past weeks as transport unions protested soaring oil prices and inflation which came in consequence.
A recent poll showed that a majority of Filipinos are not happy with the work of the government in terms of controlling the prices of basic commodities and economic reforms.
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Philippine Oil Firms Suspected In Manipulating Oil Prices
The Philippine government said on Sunday that big oil companies should open their financial books