Think Tank Urges Government Control Over Rising Oil Prices

A think tank is urging the government to regain control over oil prices in the Philippines.

'The government should be able to control local oil prices and should not have to pass the burden of rising global prices on to consumers.'

This statement was made by Chito Lozada, but there is no explanation or background information provided about him or his position. The think tank's call for state control over oil prices comes at a time when global oil prices are increasing.