Pandacan depot shutdown to hike oil prices – DOE

PRICES of petroleum products are likely to increase when the oil depot in Pandacan, Manila is shut down after the Supreme Court ordered the country’s top oil companies to relocate their storage facilities.

This was the fear expressed by Energy Secretary Carlos Jericho Petilla after the High Court, in a 10-2 vote, struck down as unconstitutional Ordinance 8187 of the City of Manila which was enacted during the administration of former Mayor Alfredo Lim.