20080726-152742-Phiilippine-president-convinces-oil-firms-to-cut-prices
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Phiilippine president convinces oil firms to cut prices

By Website Introductions at 07/27/08 04:27

After meeting up with top officials in the local oil industry, President Gloria Macapagal-Arroyo has convinced oil companies to cut their diesel prices by as much as one peso and fifty centavos per litre of diesel.

Quite naturally, this has sent a bad message to the corporate world, which is fretting over the government's intervention in market movement.

News: AFP: Philippines leader gets oil firms to cut diesel prices: spokesman

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20080726-152742-Phiilippine-president-convinces-oil-firms-to-cut-prices diesel prices 'Phiilippine president convinces oil firms to cut prices'