Drilon: 'New admin should be the one to review or change oil deregulation law'

Although Senate Minority Floor Leader Franklin Drilon is open to reviewing the oil deregulation policy, he does not believe that it will receive careful and thorough evaluation since many lawmakers are busy with campaigning for the elections.

Senate PRIB / File

MANILA, Philippines — Senate Minority Leader Franklin Drilon said on Thursday that the new administration must be in charge of reviewing or changing the oil deregulation law- a policy which reduces the government's control on oil pricing and trade. 

Although he is open to reviewing the legislation, he does not believe that it will receive careful and thorough evaluation since many lawmakers are busy with campaigning for the elections.

He made these statements shortly after President Rodrigo Duterte called on the Congress to review the oil deregulation law to give the state the authority to intervene in the event of oil price spikes. 

Full Story: https://www.philstar.com/headlines/2022/03/03/2164699/drilon-new-admin-should-be-one-review-or-change-oil-deregulation-law