DOE tries to ‘unmask’ oil firms’ margins 2 SHARES Share it! Cusi admitted that until now, the department wasn’t able to vet into an acceptable legal fix yet that will enable the oil companies to fully disclose their profitability levels. “This time, we don’t have a solid legal ground yet to let them reveal that ‘trade secret,’ a legal fix in which the oil companies can’t sue me,” he stressed. He thus averred that if the oil companies won’t cooperate on fully disclosing all their numbers, the proposed unbundling policy on pump prices will never end up an explicit and effective reference for consumers. “If we would not be able to know their margins, then the cost unbundling policy will just be partial.

Source: Manila Bulletin January 31, 2019 13:52 UTC