In view of the apparent difference in the oil price rollback calculations between the Department of Energy (DOE) and oil firms, we issued Show-Cause Orders (SCOs) to 13 oil companies yesterday afternoon (1 October). 

As Assistant Secretary Leonido J. Pulido III explained in this morning's economic press briefing in Malacañang, our actions support our mandate to protect consumer welfare and ensure fair oil industry practices. The SCOs would provide these companies the opportunity to explain how they arrived at their respective oil price rollback calculations. Under the SCOs, recipients would have until Monday (7 October) to formally respond to the Department. 

We continue to assure the public that the DOE will not waver in upholding the welfare of consumers, and will keep everyone properly informed of developments on this matter.

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