In Lifting Price Cap, Arroyo, Oil Firms Mislead Consumers

Nov. 27, 2009

MANILA — As expected, Malacañang lifted the freeze order it imposed on pump prices of oil in calamity-hit Luzon, just over three weeks after President Gloria macapagal-Arroyo issued the controversial Executive Order (EO) 839. It was actually a double whammy because she also ended the price control on basic goods such as rice, sardines, pork, meat, and others, which has been in effect since the country was placed in a state of calamity in early October.

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