Manila Bulletin
Sotto agrees if President Duterte calls Congress to a special session
Senate President Vicente Sotto III is agreeable to holding plenary sessions to amend the Oil Deregulation Law if President Duterte calls Congress to a special session.
Sotto issued this statement amid appeals for Malacañang to amend the law due to rising oil prices, partly caused by the Russian invasion of Ukraine.
He recalled voting against the Oil Deregulation Law's passage and expressed apprehension about the current situation where the government appears unable to intervene.
In October 2019, the Department of Energy had proposed amendments to the law, including allowing the energy secretary to define maximum oil prices.
Several groups have also called for the repeal of the Oil Deregulation Law to protect the public from potential exploitation by large oil companies.
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President Rodrigo Duterte has asked Congress to review the oil deregulation law to allow government intervention during oil price spikes, a call echoed by Senate President Vicente Sotto III who expressed willingness to hold a special session for the review.
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Senator Risa Hontiveros supports calls to review the Oil Deregulation Law due to surging world oil prices.
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Albay Rep. Joey Salceda has proposed amendments to the Oil Deregulation Law to foster competition, improve consumer protection, and bolster national economic security.
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