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  • House panel requires Big 3 to produce data
     
    By Fernan Marasigan
    Reporter
     

    AFTER their soft approach failed anew, legislators have now required Shell, Chevron and Petron to present information and data on their pricing mechanisms, procurement costs, sources of their supplies and other pertinent particulars.

    The House Committee on Energy, at a hearing on Tuesday, immediately approved the motion for the so-called oil Big Three to obey the committee after the House body once again failed to squeeze out from the oil firms’ representatives information on their pricing mechanisms and other data.

    Of the representatives of the three companies, only Ed Canapi of Shell managed to conduct a presentation but this did not satisfy legislators,  who called the presentation “self-serving.”

    “The presentation did not give substantial details. That is why we’ve come up with a formal motion to require them to present the data that we require,” said Party-list Rep. Teodoro Casiño of Bayan Muna, a member of the House energy panel.

    “We’re merely scratching the surface at this point. We are still stuck on the [lack of] data,” added Casiño.

    During the hearing, legislators wondered why the order of Malacañang to audit the Big Three was put in the back burner.

    “The problem is how and who will do it,” said Kabalikat ng Malayang Pilipino Rep. Rodolfo Antonino of Nueva Ecija, acting committee chairman, in answer to the question of Independent Rep. Roilo Golez of Parañaque and Pwersa ng Masang Pilipino-United Opposition Rep. Rufus Rodriguez of Cagayan de Oro.

    “The Commission on Audit [COA] cannot do it because these [oil companies] are private companies,” said Antonino, and suggested that perhaps the Bureau of Internal Revenue could do the auditing.

    Director Zenaida Moncada of the Department of Energy said the department cannot do the audit and suggested the Energy Regulation Commission as the agency that has the responsibility of determining if the companies are following the rules.

    Golez said the oil companies, if they are not hiding anything, must submit themselves voluntarily to auditing. “That’s why we are calling for them to submit themselves voluntarily to show that they have nothing to hide and their prices are above board.” 

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