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  • Sotto files measure to dismantle oil deregulation amid global price pressures

    Sotto files measure to dismantle oil deregulation amid global price pressures

    MANILA — Senate President Vicente Sotto III has filed a measure seeking the complete repeal of Republic Act No. 8479, aiming to restore the government’s authority to regulate oil prices in the country. The proposed repeal targets the Downstream Oil Industry Deregulation Act of 1998, which removed state control over fuel pricing and allowed market…